What's Going On With Boeing Stock Tuesday?
Portfolio Pulse from Adam Eckert
Boeing Co (NASDAQ:BA) stock is trading lower after being removed from Goldman Sachs' Conviction List. Goldman Sachs also cut Bath & Body Works, Shift4 Payments, and AIG from the list, adding Parker Hannifan and Textron instead. The specific reason for Boeing's removal was not provided, but it could be due to a variety of factors such as lack of analyst conviction, price realization, played out catalysts, or better investment opportunities elsewhere. Despite the removal, Boeing still has 23 positive analyst ratings and an average price target of $218.63. Boeing's stock price was down 1.41% at $257.01 at the time of the article's publication.
January 02, 2024 | 2:45 pm
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Boeing Co's stock is trading lower after being removed from Goldman Sachs' Conviction List, which may indicate a less bullish outlook from the firm.
Being removed from Goldman Sachs' Conviction List could be perceived negatively by the market as it suggests the firm may no longer see the stock as a top pick. This could lead to a short-term decline in investor confidence and a potential decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100