RBC Capital Upgrades Boeing to Outperform, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ken Herbert has upgraded Boeing (NYSE:BA) from Sector Perform to Outperform and increased the price target from $200 to $275. This upgrade reflects a more positive outlook on Boeing's performance in the market.
November 28, 2023 | 10:25 am
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POSITIVE IMPACT
Boeing's stock rating has been upgraded by RBC Capital from Sector Perform to Outperform, with a significant raise in price target from $200 to $275, indicating a bullish outlook.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved future performance and investor confidence. The substantial increase in Boeing's price target from $200 to $275 by RBC Capital is likely to be viewed as a strong endorsement of the company's prospects, potentially leading to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100