U.S.-listed shares of Embraer up after HSBC upgrades to 'buy' on positive outlook

Eve Holding

04/06/2025 15:45

** U.S.-listed shares of Brazilian jet maker Embraer EMBR3.SA, ERJ.N up 6.1% at $48.77

** Brokerage HSBC upgrades stock to "buy" from "hold"; raises PT to $57 from $45

** HSBC cites strong deliveries in executive, defense segments, says subsidiary Eve's EVEX.N first full-scale prototype flight embarking in 2025 is a possible positive catalyst

** Sees strong revenue generation for co, with production spread more evenly over quarters, new orders during the Paris Air Show in June, and limited tariff impact

** Expects solid delivery performance for Q2, says co has 9 aircraft ready to sell

** Average rating of 13 analysts is "buy"; with a median PT of $57 - data compiled by LSEG

** Up to last close, stock has risen 30% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))