| 2016-10-12 16:19:28|
ERJ 16:19 10/12 10/12/16
Embraer upgraded to Buy from Neutral at Goldman
Goldman analyst Noah Poponak upgraded Embraer to Buy from Neutral, saying he sees the stock's risk/reward balance as compelling given its 40% slide and historically low valuation. Upcoming catalysts include a potentially strong Q3 earnings report, more detail on its cost improvement plans, and increased visibility into improved cash flow, said the analyst, who keeps a $23 price target on Embraer shares.