Boeing shares are trading higher after RBC Capital upgraded the stock from Sector Perform to Outperform and raised its price target from $200 to $275.
Portfolio Pulse from Benzinga Newsdesk
Boeing's stock (BA) is trading higher following an upgrade from RBC Capital, which changed its rating from Sector Perform to Outperform and increased the price target from $200 to $275.
November 28, 2023 | 1:54 pm
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POSITIVE IMPACT
Boeing's stock is likely to experience a positive short term impact due to RBC Capital's upgrade to Outperform and a significant raise in the price target.
Analyst upgrades and raised price targets are strong indicators of a stock's potential performance and can lead to increased investor confidence and buying pressure. RBC Capital's upgrade from Sector Perform to Outperform, along with a substantial increase in the price target for Boeing, is likely to be viewed positively by the market, potentially leading to a short term rise in BA's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100