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Stock Market & Financial Investment News

News Breaks
January 15, 2014
06:35 EDTERJEmbraer meets aircraft delivery guidance for FY13
Embraer delivered 32 commercial and 53 business jets during, thus closing out the year with 90 airplanes delivered to the airline market and 119 to executive aviation, that is, 90 light and 29 large jets. Therefore, Embraer met the estimated aircraft delivery guidance proposed for 2013, for both commercial jets and executive jets from the light and large categories. At the end of the year, the firm order backlog stood at $8.2B.
News For ERJ From The Last 14 Days
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February 23, 2015
06:51 EDTERJAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.

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