Embraer is called a “top pick” for the bank Morgan Stanley
Follow Us @
This week, analysts from the bank Morgan Stanley declared that Embraer has become a “top pick” for the aerospace sector, adjusting their target price for the company’s ADRs (receipts for shares traded in the United States) from US$19.50 to US$40 . The Brazilian company will still present the numbers for the last quarter, as well as the numbers for the entire year 2023 this coming Monday, March 18th. However, with the statement from Morgan Stanley analysts, the Brazilian company’s shares rose 6.49% this week, costing R$28.38 each share in Brazil and, in the USA through ADRs, the shares rose 6.02% reaching cost US$22.73 per share.
Embraer E-Jet or Embraer 190, one of the company’s best-selling models (Photo: production/Venkat Mangudi/Wikipedia)
The analysts’ statement
In the Morgan Stanley report in which Embraer’s preference as a “top pick” is expressed, analysts state that the company is entering at an opportune moment. “We see Embraer as a third commercial aerospace player rising to the occasion and forcing entry into the Boeing and Airbus duopoly. After decades of investments, Embraer is entering a harvest period.”
This statement comes in a context in which both companies are going through difficulties and Embraer is in a period of growth. Furthermore, analysts also state in the document that there is an increase in demand for the aircraft. “ANDin an environment where demand for aircraft exceeds supply”, explains the document.
Also according to the report, the experts’ assessment of Embraer’s capacity due to its broad portfolio, with commercial aviation, executive aviation, defense/security and services, is that the company is prepared to overcome the challenge.
What enabled this new distinction from Embraer?
Also according to the analysts’ report, Embraer is going through a good moment now due to 2 factors: the first being that the demand for planes is greater than the supply available on the market, the second factor is the fact that historically leading companies in the market, Boeing and Airbus, are in trouble; Boeing is facing problems in producing and delivering new planes, while Airbus has a backlog already filled by the end of the decade, with little room for maneuver for new orders.
Therefore, the former third option on the market is growing in preference precisely at a time of greater demand for the product with low supply.
Featured Photo: Embraer Factory in Portugal (reproduction/Mafalda Gouveia/Wikipedia)
Follow AFRILATEST on Google News and receive alerts for Youth opportunities, Money, Investment opportunities and more!
This week, analysts from the bank Morgan Stanley declared that Embraer has become a “top pick” for the aerospace sector, adjusting their target price for the company’s ADRs (receipts for shares traded in the United States) from US$19.50 to US$40 . The Brazilian company will still present the numbers for the last quarter, as well as the numbers for the entire year 2023 this coming Monday, March 18th. However, with the statement from Morgan Stanley analysts, the Brazilian company’s shares rose 6.49% this week, costing R$28.38 each share in Brazil and, in the USA through ADRs, the shares rose 6.02% reaching cost US$22.73 per share.
Embraer E-Jet or Embraer 190, one of the company’s best-selling models (Photo: production/Venkat Mangudi/Wikipedia)
The analysts’ statement
In the Morgan Stanley report in which Embraer’s preference as a “top pick” is expressed, analysts state that the company is entering at an opportune moment. “We see Embraer as a third commercial aerospace player rising to the occasion and forcing entry into the Boeing and Airbus duopoly. After decades of investments, Embraer is entering a harvest period.”
This statement comes in a context in which both companies are going through difficulties and Embraer is in a period of growth. Furthermore, analysts also state in the document that there is an increase in demand for the aircraft. “ANDin an environment where demand for aircraft exceeds supply”, explains the document.
Also according to the report, the experts’ assessment of Embraer’s capacity due to its broad portfolio, with commercial aviation, executive aviation, defense/security and services, is that the company is prepared to overcome the challenge.
What enabled this new distinction from Embraer?
Also according to the analysts’ report, Embraer is going through a good moment now due to 2 factors: the first being that the demand for planes is greater than the supply available on the market, the second factor is the fact that historically leading companies in the market, Boeing and Airbus, are in trouble; Boeing is facing problems in producing and delivering new planes, while Airbus has a backlog already filled by the end of the decade, with little room for maneuver for new orders.
Therefore, the former third option on the market is growing in preference precisely at a time of greater demand for the product with low supply.
Featured Photo: Embraer Factory in Portugal (reproduction/Mafalda Gouveia/Wikipedia)
SHARE POST AND EARN REWARDS:
Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
This week, analysts from the bank Morgan Stanley declared that Embraer has become a “top pick” for the aerospace sector, adjusting their target price for the company’s ADRs (receipts for shares traded in the United States) from US$19.50 to US$40 . The Brazilian company will still present the numbers for the last quarter, as well as the numbers for the entire year 2023 this coming Monday, March 18th. However, with the statement from Morgan Stanley analysts, the Brazilian company’s shares rose 6.49% this week, costing R$28.38 each share in Brazil and, in the USA through ADRs, the shares rose 6.02% reaching cost US$22.73 per share.
Embraer E-Jet or Embraer 190, one of the company’s best-selling models (Photo: production/Venkat Mangudi/Wikipedia)
The analysts’ statement
In the Morgan Stanley report in which Embraer’s preference as a “top pick” is expressed, analysts state that the company is entering at an opportune moment. “We see Embraer as a third commercial aerospace player rising to the occasion and forcing entry into the Boeing and Airbus duopoly. After decades of investments, Embraer is entering a harvest period.”
This statement comes in a context in which both companies are going through difficulties and Embraer is in a period of growth. Furthermore, analysts also state in the document that there is an increase in demand for the aircraft. “ANDin an environment where demand for aircraft exceeds supply”, explains the document.
Also according to the report, the experts’ assessment of Embraer’s capacity due to its broad portfolio, with commercial aviation, executive aviation, defense/security and services, is that the company is prepared to overcome the challenge.
What enabled this new distinction from Embraer?
Also according to the analysts’ report, Embraer is going through a good moment now due to 2 factors: the first being that the demand for planes is greater than the supply available on the market, the second factor is the fact that historically leading companies in the market, Boeing and Airbus, are in trouble; Boeing is facing problems in producing and delivering new planes, while Airbus has a backlog already filled by the end of the decade, with little room for maneuver for new orders.
Therefore, the former third option on the market is growing in preference precisely at a time of greater demand for the product with low supply.
Featured Photo: Embraer Factory in Portugal (reproduction/Mafalda Gouveia/Wikipedia)
#Embraer #called #top #pick #bank #Morgan #Stanley
PSY's big comeback with preview of the song “Happier” in partnership with singer Crush
Shocking revelation! The OC creators admit pressure to kill Marissa in the series
Scandal! Rodrigo Godoy, Preta Gil's ex-husband, reveals betrayal and is single
Final Fantasy XVI game takes 35 hours to beat if you only focus on the main story
Taylor Swift honors her trajectory through looks on “The Eras Tour”
Rihanna in adoration in front of her son: photos of the baby in diaper, with a sacred jewel
-
News2 months agoHarry decides to appeal after loss of police protection in the UK
-
Good News TV series2 months ago
Preta Gil is the new presenter of TVZ on Multishow
-
Good News TV series2 months ago
Justin Bieber and Hailey go to church using a powerful car
-
Good News TV series2 months ago
Fuzuê: Pascoal is sentenced to more than 70 years in prison
-
Health and Fitness2 months ago
Hyperbaric Oxygenation accelerates recovery from knee injuries, according to USP study
-
Culture3 months ago
the Sub4 Turismo package that we recommend and we go (on the 42 km)
-
News3 months ago
Viradouro wins the Rio de Janeiro Carnival title in 2024 now news
-
Health and Fitness3 months ago
See tips for getting pregnant after age 40
