UBS last night downgraded Embraer (ERJ) to Sell from Neutral with a price target of $32, up from $29. The firm thinks the market is “overoptimistic” and pricing in some optionalities in its base case for 2025. The competitive environment is unfavorable for Embraer, as Brazil and other Latin American locations can not provide competitive advantages for its projects, the analyst tells investors in a research note. As such, UBS believes the company’s 2025 may disappoint investors.
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Read More on ERJ:
- Embraer downgraded to Sell from Neutral at UBS
- Embraer S.A. Reinforces Transparency with SEC Filing
- Embraer Reports Strong Q3 2024 Earnings Growth
- Embraer price target raised to $44 from $42 at Goldman Sachs
- Embraer S.A. Updates SEC Filing for November
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
