BofA Raises PT on Embraer (ERJ) to $70 Following Investor Day

Embraer (NYSE:ERJ) is one of the stocks that should double in 3 years. On October 16, Bank of America raised the firm’s price target on Embraer to $70 from $65 and maintained a Buy rating on the shares after attending the company’s 2025 investor day. The firm noted that the company’s supply chain and production management are in focus as Embraer executes on its record backlog and new wins.BofA Raises PT on Embraer (ERJ) to $70 Following Investor Day

Earlier on October 15, Citi analyst Stephen Trent raised the price target on Embraer to $70 from $59 and kept a Buy rating on the shares following the investor day as well. The company’s orders over the last 18 months and its financial results have both been solid.

Embraer (NYSE:ERJ), together with its subsidiaries, designs, develops, manufactures, and sells aircraft and systems worldwide. The company operates through Commercial Aviation, Defense & Security, Executive Aviation, Services & Support, and Other segments.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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