Embraer (NYSE: ERJ), East West Bancorp Inc. (NASDAQ: EWBC), Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ), Alaska Air (NYSE: ALK), Amyris Inc. (NASDAQ: AMRS), Columbia Sportswear (NASDAQ: COLM) and Embraer (NYSE: ERJ) were upgraded by analysts.
East West Bancorp Inc. (EWBC) was upgraded by FBR Capital from a “Market Perform” rating to an “Outperform” rating. They have a price target of $23.00 on the company.
Jazz Pharmaceuticals, Inc. (JAZZ) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $52.00 on the company, up from $29.00.
Alaska Air (ALK) was upgraded by Dahlman Rose from a “Hold” rating to a “Buy” rating. They have a price target of $75.00 on the company.
Amyris Inc. (AMRS) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $32.00 on the company.
Columbia Sportswear (COLM) was upgraded by McAdams Wright Ragen from a “Hold” rating to a “Buy” rating. They have a price target of $69.00 on the company.
Embraer (ERJ) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Overweight” rating.
Showing posts with label Embraer SA. Show all posts
Showing posts with label Embraer SA. Show all posts
Tuesday, August 2, 2011
Tuesday, April 26, 2011
Goldman (GS) Likes (ERJ) (PCP) (BA) (BEAV) (UTX) (GE) in Aerospace
Citing demand from China, Goldman Sachs said they like the Aerospace sector and named their favorite public companies in the space as Embraer SA (NYSE: ERJ), Precision Castparts Corp. (NYSE: PCP), Boeing Co. (NYSE: BA), BE Aerospace Inc. (NASDAQ: BEAV), United Technologies (NYSE: UTX) and General Electric (NYSE: GE).
Goldman mentioned they had underestimated the growing civil aerospace industry in China, saying, "We believe China will deliver its first narrow body aircraft in 5-8 years, and its first domestically produced aero engine and its first wide body aircraft in 10-20 years. This is a longer-term concern for Western air-framers and their suppliers but is an issue they are considering now."
China now accounts for about 15 percent of the annual deliveries of large aircraft from manufacturers Boeing and Airbus. This is estimated to grow to 20 percent over the next couple of decades, as China is looking to acquire about 4,00 new large commercial planes during that time.
The growing middle class in China is the fuel behind the growing travel demand.
Other companies mentioned by Goldman that they like are Safran, MTU, Cathay Pacific, China Eastern, and Shanghai International Airport.
Goldman mentioned they had underestimated the growing civil aerospace industry in China, saying, "We believe China will deliver its first narrow body aircraft in 5-8 years, and its first domestically produced aero engine and its first wide body aircraft in 10-20 years. This is a longer-term concern for Western air-framers and their suppliers but is an issue they are considering now."
China now accounts for about 15 percent of the annual deliveries of large aircraft from manufacturers Boeing and Airbus. This is estimated to grow to 20 percent over the next couple of decades, as China is looking to acquire about 4,00 new large commercial planes during that time.
The growing middle class in China is the fuel behind the growing travel demand.
Other companies mentioned by Goldman that they like are Safran, MTU, Cathay Pacific, China Eastern, and Shanghai International Airport.
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