Wells Fargo Maintains Overweight on Boeing, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Akers has maintained an Overweight rating on Boeing (NYSE:BA) but lowered the price target from $270 to $230.
October 03, 2023 | 12:41 pm
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Boeing's price target has been lowered from $270 to $230 by Wells Fargo, although the Overweight rating is maintained.
The lowering of the price target by a major financial institution like Wells Fargo could negatively impact investor sentiment towards Boeing, potentially leading to a short-term decrease in the stock price. However, the maintained Overweight rating indicates that the analyst still sees potential for the stock to outperform.
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IMPORTANCE 80
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