Goldman Sachs Maintains Buy on Boeing, Lowers Price Target to $257
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Noah Poponak maintains a Buy rating on Boeing (NYSE:BA) but lowers the price target from $268 to $257.
March 25, 2024 | 6:50 pm
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Goldman Sachs maintains a Buy rating on Boeing but lowers the price target from $268 to $257.
The adjustment in price target by Goldman Sachs reflects a slight moderation in their valuation assessment of Boeing, likely due to updated market or company-specific factors. However, maintaining a Buy rating indicates a continued positive outlook on the company's fundamentals. The impact on the stock price could be neutral to slightly negative in the short term as the market digests the lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100