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Stock Market & Financial Investment News

News Breaks
July 31, 2014
06:18 EDTERJEmbraer reports Q2 EPS 60.4c, consensus 62c
Reports Q2 revenue $1.24B, consensus $1.68B. The company's firm order backlog ended Q2 at $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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