Goldman Sachs Downgrades Embraer (ERJ) to Neutral
Tweet
Share
E-mailGet Alerts ERJ Hot Sheet
Price: $64.48 --0%
Rating Summary:
10 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 20 | New: 7
Rating Summary:
10 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 20 | New: 7
Join SI Premium – FREE
Goldman Sachs downgraded Embraer (NYSE: ERJ) from Buy to Neutral with a price target of $40, saying shares have outperformed despite regional jet orders slowing.
The firm said they like the long-term story, but with shares up 40% YTD it has largely closed its valuation discount with Aerospace peers. This despite the order pace in the key regional jet end market showing meaningful deceleration.
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 $35.29 yesterday.
The firm said they like the long-term story, but with shares up 40% YTD it has largely closed its valuation discount with Aerospace peers. This despite the order pace in the key regional jet end market showing meaningful deceleration.
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 $35.29 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades IBM (IBM) to Reduce, 'Stretched Valuation'
- JPMorgan Downgrades SAIC Motor Corp Ltd. (600104:CH) to Underweight
- Macquarie Downgrades Singapore Exchange (SGX:FP) (SPXCY) to Neutral
Create E-mail Alert Related Categories
DowngradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
