Market Overview

UPDATE: Imperial Capital Initiates Embraer SA at Outperform on AMR Reorganization

Related ERJ
Benzinga's Volume Movers
Mid-Afternoon Market Update: Crude Oil Up 1.1%; Cloud Peak Energy Shares Surge Following Earnings Beat
TransDigm, Swept Up In Aerospace Rally, In New Buy Area (Investor's Business Daily)

Imperial Capital initiated coverage on Embraer SA (NYSE: ERJ) with an Outperform rating and a $32 price target.

Imperial Capital commented, "We believe conditions in the U.S. airline industry are such that both ERJ and its Canadian competitor, Bombardier, will likely see substantial commercial regional jet orders in the coming weeks and months. We doubt investors and analysts fully appreciate the changes taking place in the U.S. airline industry, nor the magnitude of the likely resulting orders."

Embraer SA closed at $27.60 on Thursday.

Latest Ratings for ERJ

Oct 2016Cowen & Co.UpgradesMarket PerformOutperform
Oct 2016Goldman SachsUpgradesNeutralBuy
Oct 2016JP MorganInitiates Coverage onOverweight

View More Analyst Ratings for ERJ
View the Latest Analyst Ratings

Posted-In: imperial capitalAnalyst Color Initiation Intraday Update Analyst Ratings


Related Articles (ERJ)

View Comments and Join the Discussion!