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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:50 EDTERJEmbraer delivers 29 commercial and 29 executive jets in Q2
Embraer delivered 29 jets to the commercial aviation market and 29 to the business aviation market during Q2, for a total of 58 aircraft, compared to 51 aircraft delivered in the same period of 2013. On June 30, the firm order backlog totaled $18.1B.
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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