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Stock Market & Financial Investment News

News Breaks
July 17, 2014
11:34 EDTERJEmbraer signs agreement with China for 60 E-190s, Reuters says
Embraer made a deal with China for 60 E-190 commercial passenger planes as part of a slew of agreements signed by the presidents of the two countries to strengthen commercial ties, according to Reuters, citing the Brazilian government. Reference Link
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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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