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Embraer upgraded to Outperform from Peer Perform at Wolfe Research

Wolfe Research upgraded Embraer (ERJ) to Outperform from Peer Perform with a $64 price target The cites President Trump’s executive order excluding Embraer’s products from an incremental 40% tariff on imports from Brazil for the upgrade. Wolfe believes the company’s tariff risk is now lifted.

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