Citigroup Upgrades Embraer to Buy, Announces $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Stephen Trent has upgraded Embraer (NYSE:ERJ) from Neutral to Buy and announced a $16 price target.
October 16, 2023 | 1:51 pm
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POSITIVE IMPACT
Embraer's stock has been upgraded to Buy from Neutral by Citigroup, with a new price target of $16.
The upgrade from Citigroup is a positive signal for Embraer. It indicates that the analyst believes the company's stock is undervalued at its current price and has the potential to reach $16. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100