UPDATE: Morgan Stanley Reiterates Overweight Rating, Removes PT on Embraer SA on Potential E-jet Orders from TAM

In a report published Tuesday, Morgan Stanley analyst Eduardo S. Couto reiterated an Overweight rating on Embraer SA ERJ, but removed the $41.10 price target. In the report, Morgan Stanley noted, “According to TAM's Chief Executive Marco Bologna the company plans to enter the regional aviation market and could order 20 regional jets by the end of 2014. This is another indication that Brazil's regional aviation can be a potential catalyst for Embraer jet orders in the short term.” Embraer SA closed on Monday at $36.44.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsEduardo S. CoutoMorgan Stanley
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!