Eve Holding initiated with a Market Perform at TD Cowen

TD Cowen analyst Cai von Rumohr initiated coverage of Eve Holding with a Market Perform rating and no price target. The analyst says Eve is a "well positioned player" in the electric vertical take-off and landing market, which the firm says has attractive longer term prospects but generic challenges to achieving entry into service. TD cites the company’s "distant" second half of 2026 certification target for the neutral rating.