Embraer Stock: Still A Buy Despite Downgrade And Miss

Photofex/iStock Editorial via Getty Images In September 2022, I put a buy rating on Embraer (NYSE:ERJ) stock and that rating has worked out quite well so far as the stock has appreciated 72% compared to a 25% gain for the broader markets. Since my last report, in which I marked ERJ stock a strong buy, the has gained around 13% which is in line with the broader market performance. In this report, I will be revisiting Embraer stock, and the main reason for that is that Embraer posted 2023 delivery numbers tha ...