The Globe and Mail reports in its Wednesday edition that TD Cowen analyst Tim James, in a report previewing quarterly results for Canadian aerospace and defence companies, trimmed his Bombardier share target to $276 from $278, while keeping a "hold" rating, based on currency considerations. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $264.33. Mr. James says in a note: "We forecast 18-per-cent average EBITDA growth for the group in Q4. We believe the bar is high for strong share price responses given recent valuation multiple expansion across the group. Positive medium- to long-term outlooks (defence spending/civil cycle) should hold investor focus and limit the extent of any shorter-term pullbacks if earnings come up short." The Globe reported on July 23 that Mr. James had downgraded Bombardier to "hold" from "buy." The Class B shares could then be had for $159.64. The Globe reported on Nov. 19 that Mr. James continues to rate Bombardier "buy." The shares could then be had for $212.80. The Globe reported on Jan. 30 that Desjardins Securities analyst Benoit Poirier was sticking with his "buy" call for Bombardier. The shares could then be had for $247.33.