Morgan Stanley Sees Brazil Aviation Plan as Potential Catalyst for Embraer SA

In a report published Thursday, Morgan Stanley analyst Eduardo S. Couto reiterated an Overweight rating and $40.00 price target on

. In the report, Morgan Stanley noted, “According to local press, an aviation plan to stimulate regional flights in Brazil was presented to commercial airlines by the government this week. As the leading regional jet manufacturer globally, we expect Embraer to benefit from a potential regional aviation plan in Brazil with new E-jet orders.” Embraer SA closed on Wednesday at $35.22.