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Fly News Breaks for November 22, 2016
ERJ
Nov 22, 2016 | 06:15 EDT
UBS analyst Darryl Genovesi downgraded Embraer to Sell and lowered his price target for the shares to $19 from $28 after resuming coverage of the name. The analyst believes the stock deserves a bigger discount to peers given its slowing growth outlook and still breakeven to negative free cash flow. He thinks pilot pushback puts E175-E2 viability at risk.
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