Embraer (ERJ) Suspends Maintenance and Technical Support in Russia and Belarus

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Go back to Embraer (ERJ) Suspends Maintenance and Technical Support in Russia and Belarus

Embraer (ERJ) PT Lowered to $12 at Cowen

March 11, 2022 7:54 AM EST

Cowen analyst Cai von Rumohr lowered the price target on Embraer (NYSE: ERJ) to $12.00 (from $18.50) while maintaining a Market Perform rating.

The analyst commented, "Disappointing 2022 guide reflects headwinds that should dissipate next year. But investments in EVE and the advanced turboprop, while offering... More