Article content

Bombardier Inc.’s stock spiked last week, gaining nearly 58 per cent, but analysts at Macquarie say a “significant correction” is looming.

Investors rushed back into Bombardier’s shares after Reuters reported the company rejected a Chinese offer for its train-making business that valued the unit at US$7 billion to US$8 billion — significantly higher than the estimates of most analysts and bankers.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Bombardier Inc due for 'significant correction' after recent run: Macquarie Back to video

The stock got an added boost after the company announced that the CSeries had completed noise testing and confirmed it is the quietest commercial jet in its class — a feature Bombardier hopes will boost sluggish sales for the aircraft. Executives also reiterated that the company is on track to meet its 300-order target by the time the CSeries begins commercial flights next year.