Bradesco BBI and BTG Pactual analysts have a purchase recommendation for Embraer’s shares (Image: Reuters/Amanda Perobelli)
THE Embraer (EMBR3) continues to shining with the expansion of potential orders that can increase the portfolio of the Brazilian aircraft manufacturer. According to the CEO’s speech, Francisco Gomes Neto, to Reuters, the company is in negotiations with up to 10 countries for the sale of the military freighter KC-390.
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The executive did not reveal the countries involved in the negotiations, but stressed that the project has advanced positively. “I can’t speak names… [mas negociamos] with five, ten [países]. It’s a lot, ”he told Reuters during the Business Forum of BRICS on the weekend.
In the evaluation of André Ferreira, of BRADESCO BBIand Wellington Lourenço, from the Agora Investmentsthe news is positive, Once new potential requests can raise the portfolio of defense and security requests.
“We expect at least 50 new requests for the NATO members KC-390 in the coming years, which could add US $ 5 billion the US $ 11 billion In order portfolio, ”analysts pondered.
In their view, this gain of market share in Europe can also stimulate more requests from Scandinavia, Eastern Europe and Greece, which can add another $ 6 billion to $ 14 billion in order portfolio.
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Added to this, analysts estimate that potential requests from India and from Arabia Saudi They can add between $ 11 billion and $ 25 billion.
BBI and Agora have a recommendation for buy to EMBR3with target price of R $ 97which represents a potential appreciation of 15% in relation to the closing quotes of last Friday (4).
Momentum Embraer follows strong
Analysts of BTG Pactual They comment that 2025 has been a busy year for Embraer’s commercial aviation campaigns.
After participating in Paris Air Show in June and the Scandinavian Airlines Survey announcement (SAS) Last week, with a request of up to 55 aircraft, BTG sees investors turning attention to the ongoing campaign related to the request of the Airasia.
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“On Friday, several vehicles reported that the Malaysian-based airline signed a memorandum of understanding with Airbus For up to 70 A321xlr aircraft, in an agreement that can reach $ 12.3 billion. The announcement coincided with the official visit of Malaysian Prime Minister Anwar Ibrahim to France, ”the bank places.
A possible request from Airasia had been speculated on the market, especially since Paris Air Show, when news came that both Airbus and Embraer were in the dispute.
In the view of the analyst team led by Lucas Marquiori, Embraer’s lowest exhibition to Asia and the exclusive use of Airbus aircraft by Airasia puts the European manufacturer as a favorite in most competitions of the airline.
“Even with the chances now more favorable to Airbus in the current campaign for regional jets, we continue to see strong momentum operational for Embraer and we reiterate our recommendation for buy For the action, anticipating a second solid quarter, ”says BTG.
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Confidence in action, according to analysts, is supported by:
- Recently released deliveries, above expectations;
- Strong entry of preparation resources (PDP) related to requests signed during the quarter.
*With information from Reuters
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Source: Moneytimes
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