Embraer Stock Upgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Thursday was a good news-bad news kind of the day for investors in the stock of Brazilian plane maker Embraer (NYSE: ERJ). On the plus side, analysts at Swiss bank Credit Suisse announced this morning that they are upgrading Embraer stock from neutral to outperform. The upgrade even came with a price target of $25 per share, implying approximately 25% upside to Embraer stock, which currently sells for less than $20.
Now here's the bad news: Credit Suisse used to think Embraer was worth $35 a share. Here are three things you need to know about that.
Source: Fool.com
Embraer S.A. ADR Stock
With 7 Buy predictions and not the single Sell prediction the community is currently very high on Embraer S.A. ADR.
As a result the target price of 35 € shows a slightly positive potential of 12.9% compared to the current price of 31.0 € for Embraer S.A. ADR.
