Embraer: Strong Order Flow Provides Runway For Additional Upside; Raising Price Objective For '15
Trading the Spread • Tue, Sep. 23
- Embraer is benefiting from a rising multiple as new order wins have bolstered the market's confidence in earnings estimates.
- The company continues to see strong demand for its new line of regional jets and is solidifying its dominant position in key markets.
- ERJ looks poised to deliver robust earnings in years to come with a $25 billion backlog that continues to grow.
- Shares remain attractively priced and offer the potential for 20%+ returns in the year ahead.