Eve Holding initiated with a Neutral at Cantor Fitzgerald

Cantor Fitzgerald analyst Andres Sheppard initiated coverage of Eve Holding (EVEX) with a Neutral rating and $7 price target. While Cantor Fitzgerald believes Eve benefits from a large customer pipeline, a partnership with United Airlines (UAL), and the backing of Brazilian aerospace manufacturer Embraer (ERJ) and is bullish on eVTOL over the long term, the firm cites its 2026 certification timeline, fewer full-test flights to date, and lower liquidity relative to competitors for the Neutral rating, the analyst tells investors in a research note.