B of A Securities Downgrades Boeing to Neutral, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ronald Epstein has downgraded Boeing (NYSE:BA) from Buy to Neutral and reduced the price target from $255 to $225.
January 25, 2024 | 2:24 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Boeing was downgraded by B of A Securities from Buy to Neutral, and the price target was lowered from $255 to $225.
The downgrade from Buy to Neutral by a major analyst like B of A Securities typically suggests a less optimistic outlook on the stock's performance. The reduction in price target further implies that the analyst sees limited upside potential or increased risk factors that could affect Boeing's stock price negatively in the short term. Investors often react to such analyst actions, which can lead to a decrease in stock price shortly after the announcement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100