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Embraer Stock Upgraded: What You Need to Know


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.

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Source: Fool.com

Embraer S.A. ADR Stock

€9.90
-3.520%
Embraer S.A. ADR took a tumble today and lost -€0.350 (-3.520%).

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