Santander, Morgan flag Q3 earnings surprises: Embraer up, CSN Mineração, Natura down

Santander and Morgan Stanley published previews of Q3 earnings season, identifying Embraer as a likely positive surprise and CSN Mineração as likely weak, while Morgan also flags Natura as a potential disappointment. The item is a broker call, not a confirmed outcome, so the claims are speculative. It matters because it signals near-term trading sentiment for these specific Brazilian equities.