Canaccord lowered the firm’s price target on Eve Holding (EVEX) to $6.75 from $7 and keeps a Buy rating on the shares. The firm believes its increasingly strong liquidity position, along with its strong support from parent Embraer, should enable the company’s aircraft to reach the winner’s circle of eVTOL aircraft that become type-certified by aviation regulators.
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Read More on EVEX:
- Charged: Tesla rises after quarterly results on earnings growth
- FAA final rule for advanced air mobility broadly positive, says Canaccord
- Eve Air Mobility secures $88M from BNDES to finance eVTOL manufacturing
- Embraer upgraded to Buy from Hold at TD Cowen
- Eve Holding initiated with a Buy at H.C. Wainwright