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

ReutersJun 4, 2025 2:45 PM
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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

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