Embraer price target raised to $16.50 from $15.75 at Citi

Citi analyst Stephen Trent raised the firm’s price target on Embraer to $16.50 from $15.75 and keeps a Neutral rating on the shares. The company’s executive jets segment is “going well, while the defense segment has potential,” the analyst tells investors in a research note. However, the firm says it is hard to value Embraer on an ex-commercial aero basis.