The estimates, opinions, and recommendations issued by the analysts mentioned above are the sole responsibility of those analysts and do not reflect the opinions, forecasts, or estimates of Embraer or its Management. The mention or distribution of such information by Embraer does not imply endorsement or agreement with the data, conclusions, or recommendations presented.

Buy: Indicates that analysts believe the stock may appreciate in the future and, therefore, represents a good buying opportunity.

Neutral: Indicates that analysts expect the stock to perform steadily. It is not considered a significant buying or selling opportunity.

Sell: Indicates that analysts believe the stock may depreciate in the future and, therefore, represents a good selling opportunity.