UPDATE: UBS Starts Embraer (ERJ) at Buy; Regional Jet Fears Overdone
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Price: $38.58 --0%
Rating Summary:
9 Buy, 5 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 19
Rating Summary:
9 Buy, 5 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 19
Trade ERJ Now!
(Updated - August 2, 2012 1:07 PM EDT)
UBS initiates coverage on Embraer (NYSE: ERJ) with a Buy. PT $32.00.
Analyst, Darryl Genovesi, said, "Relative EPS growth has been the most important driver of ERJ performance historically. We believe the stock now prices in an EPS decline trading at a 30%+ discount to peers/market, while we think double-digit EPS growth is achievable even assuming much lower regional jet (RJ) production. We think ERJ can trade higher on strong relative EPS growth, along with improving RJ orders and cash generation driven by higher customer deposits and lower cash R&D spend."
For an analyst ratings summary and ratings history on Embraer click here. For more ratings news on Embraer click here.
Shares of Embraer closed at $24.61 yesterday, with a 52 week range of $20.98-$35.55.
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UBS initiates coverage on Embraer (NYSE: ERJ) with a Buy. PT $32.00.
Analyst, Darryl Genovesi, said, "Relative EPS growth has been the most important driver of ERJ performance historically. We believe the stock now prices in an EPS decline trading at a 30%+ discount to peers/market, while we think double-digit EPS growth is achievable even assuming much lower regional jet (RJ) production. We think ERJ can trade higher on strong relative EPS growth, along with improving RJ orders and cash generation driven by higher customer deposits and lower cash R&D spend."
For an analyst ratings summary and ratings history on Embraer click here. For more ratings news on Embraer click here.
Shares of Embraer closed at $24.61 yesterday, with a 52 week range of $20.98-$35.55.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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