Morgan Stanley analyst Kristin Liwag named Embraer (ERJ) as the firm’s new Top Pick in Aerospace, replacing TransDigm (TDG). After decades of investments, Embraer is “entering a harvest period,” says the analyst, who increased estimates and views the company as a third commercial aerospace player “rising to the occasion and breaking into the duopoly” of Boeing (BA) and Airbus (EADSY). Morgan Stanley has an Overweight rating and $40 price target on Embraer shares.
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Read More on ERJ:
- ERJ Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- American orders 85 Airbus A321neo, 85 Boeing 737 MAX 10 airplanes
- Embraer downgraded to Hold on supply chain pressures at HSBC
- Embraer downgraded to Hold from Buy at HSBC
- Embraer deliveries increased 13% in 2023 and backlog reached US$18.7 billion, a US$1.2 billion growth
