HSBC downgraded Embraer last night to Hold from Buy with a price target of $19, up from $18. The company’s Q4 performance suggests supply chain pressures are impacting both commercial and executive jet deliveries, the analyst tells investors in a research note. The firm says pressure on deliveries could persist through 2024, with easing likely from the second half of the year and into 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ERJ: