Embraer price target raised to $17 from $11.75 at Citi

Citi analyst Stephen Trent raised the firm’s price target on Embraer to $17 from $11.75 and keeps a Neutral rating on the shares. The company’s new order prospects "look decent," but are also at least somewhat priced into the shares, the analyst tells investors in a research note. The firm says backlog quantity and quality "continue to screen as concerns."