Embraer may show a higher sales volume in the coming months, but
analysts say that could be from customers buying the lower-priced
Phenom 100 jets, while sale of the larger E170 and E190 may
lag. The difference in price is more than $24 million per
Bank of America analyst Ronald Epstein said in a written
document that Embraer may deliver as many as 17 jets in July, which
would represent a 55 percent growth from last year. But, he said,
62 percent of the deliveries in the second half of 2009 are
expected to be the smaller Phenom jet.
Bloomberg radio reports that Embraer has been raised to
'neutral' by both Bank of America and Credit Suisse AG. Both
banks had previously listed Embraer as 'underperform'.