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ERJ |
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CO informed its partner in January that it would remove 69 ERJs from its network following the two companies' failure to reach a new financial agreement. EMBRAER, a Brazilian aircraft manufacturer, said China Eastern Airlines agreed to buy five of its ERJ 145 LR model airplanes from Harbin Embraer, a joint venture between Embraer and China Aviation Industry Corporation. Accordingly, we maintain a HOLD recommendation on ERJ with a six-month target price of $44. |
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