Citi analyst Stephen Trent lowered the firm’s price target on Embraer to $11.75 from $13 and keeps a Neutral rating on the shares. In today’s environment, commercial airlines appear to favor larger commercial jets, relative to Embraer’s existing, lower gauge commercial aero product suite, Trent tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ERJ:
- CPI Aerostructures announces several orders from Embraer worth $4.4M
- Embraer announces amendments to contract with Brazilian Air Force
- AerCap signs lease agreements with TUI Group for three Embraer aircraft
- Embraer initiated with an Outperform at Wolfe Research
- Avoid These 3 Cyclical Stocks amid Rising Interest Rates