Embraer price target raised to $28 from $24 at BofA

BofA raised the firm’s price target on Embraer to $28 from $24 and keeps a Buy rating on the shares after having attended Embraer’s 2023 investor day. BofA left the event with positive views on efforts to drive efficiency and innovation across segments as well as how management will position the company for sustainable future growth, the analyst tells investors.