Eve Holding price target raised to $7 from $6.75 at Canaccord

Canaccord analyst Austin Moeller raised the firm’s price target on Eve Holding (EVEX) (EVE) to $7 from $6.75 and keeps a Buy rating on the shares. The firm said Eve’s improved liquidity position thanks to favorable financing terms from the BNDES (Brazilian National Development Bank), combined with the backing of parent company Embraer (ERJ), places the company in an improved position to proceed with flight testing and certification through ANAC through 2027, which is expected to be followed by a secondary type certificate from the FAA.