UBS Maintains Buy on Boeing, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Gavin Parsons maintains a Buy rating on Boeing (NYSE:BA) but lowers the price target from $275 to $250.
March 21, 2024 | 2:39 pm
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UBS maintains a Buy rating on Boeing but lowers the price target from $275 to $250.
While the reduction in price target could suggest a more cautious outlook on Boeing's short-term price performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100