Embraer Stock Gains After Goldman Sachs Upgrade, Bristow Partnership

  • Goldman Sachs analyst Noah Poponak upgraded Embraer SA ERJ to Buy from Neutral with a $23 price target, implying an upside of 30%
  • Poponak states that Embraer is 90% business jet and regional jet, and currently, both private and domestic travel trends are strong.
  • Poponak sees "operational performance upside" for Embraer, with Q2 margins and cash flow "showing meaningful improvement despite the still-depressed volume."
  • Embraer's Eve Urban Air Mobility, LLC and Bristow Group Inc. VTOL entered a Memorandum of Understanding to work together to develop an Air Operator's Certificate (AOC) for Eve's electric vertical takeoff and landing (eVTOL) aircraft. 
  • Additionally, Bristow placed an order for up to 100 eVTOLs, with deliveries expected to start in 2026.
  • Price Action: ERJ shares are trading higher by 11.0% at $17.83, while VTOL is up 1.89% at $31.01 on the last check on Thursday.
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