Eve Holding initiated with a Buy at H.C. Wainwright

H.C. Wainwright initiated coverage of Eve Holding with a Buy rating and $6 price target. Eve specializes in the development of the urban air mobility ecosystem and offers a comprehensive solution that encompasses the design and production of electric vertical take-off and landing vehicles, the analyst tells investors in a research note. The firm says the company’s business model positions it across the value chain providing for a more diversified revenue base.