November 19, 2018 / 4:17 PM / 4 months ago

BUZZ-Bombardier surges 20 pct, Citi calls investigation 'routine'

** Canadian plane and train maker’s shares up 19 pct at C$2.08

** Bombardier’s shares plunged 44 pct on Friday after a Canadian securities regulator asked co to halt executive share sales plan

** Citi calls the regulatory investigation “routine,” adds Friday’s sell-off “looked unreasonable”

** Citi analyst Stephen Trent, rated 4/5 stars for his recommendation on Bombardier, rates the stock “overweight”

** 20 of 21 brokerages rate the stock “buy” or higher and 1 “hold,” their median PT is C$4.75

** Including Monday’s gains, stock has fallen 33 pct YTD (Reporting by Laharee Chatterjee in Bengaluru)

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