JPMorgan analyst Marcelo Motta lowered the firm’s price target on Eve Holding (EVEX) to $6 from $7 and keeps an Overweight rating on the shares. The new price target reflects a more conservative approach towards electric vertical take-off and landing volumes ramp-up, the analyst tells investors in a research note. The firm added that it remains Overweight on the stock due to the company’s business model continuous de-risking, as well as its leadership position with a potential backlog market share of 13%.
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