This Is What Whales Are Betting On Boeing
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Boeing (NYSE:BA), with 65% of detected trades being bearish and 35% bullish. The targeted price range for Boeing over the last 3 months is $210.0 to $310.0. Wells Fargo, Jefferies, JP Morgan, and Citigroup maintain positive ratings on Boeing with price targets ranging from $245 to $285, while RBC Capital downgraded its rating to 'Sector Perform' with a price target of $225.
August 14, 2023 | 7:33 pm
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Bearish sentiment among investors could put downward pressure on Boeing's stock price. However, positive ratings from major banks could counteract this to some extent.
The bearish sentiment among investors, indicated by the majority of detected trades, could lead to a decrease in Boeing's stock price. However, the positive ratings and price targets from major banks suggest that they see potential in the company, which could attract other investors and potentially counteract the bearish sentiment to some extent.
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