Canaccord analyst Austin Moeller 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 continues to view the cmpany’s relationship with the Brazilian Development Bank and Embraer favorably, as their support ensures continued test/manufacturing infrastructure in Sao Paulo, along with engineering personnel from the world’s third-largest aircraft OEM and financial backing. The improved liquidity position places the company on solid footing to execute on its intended 2027 ANAC certification and commercialization of its Eve-100 aircraft.
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