Eve Holding price target raised to $7.50 from $6.75 at Canaccord

Canaccord analyst Austin Moeller raised the firm’s price target on Eve Holding (EVEX) to $7.50 from $6.75 and keeps a Buy rating on the shares. The firm met with management who highlighted several key advantages inherent in Eve-100’s development process that differentiate the company from eVTOL competitors as Eve progresses through the ANAC type certification process including the aircrafts architecture, its leverage to access resources and infrastructure provided by parent Embraer, and working to certify the Eve-100 in Brazil prior to working with the FAA on certification for U.S flights.