Bernstein Maintains Outperform on Boeing, Lowers Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Douglas Harned maintains an Outperform rating on Boeing (NYSE:BA) but lowers the price target from $272 to $240.
April 08, 2024 | 12:01 pm
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Bernstein maintains an Outperform rating on Boeing but lowers the price target from $272 to $240.
While the Outperform rating suggests confidence in Boeing's long-term prospects, the reduction in price target may reflect short-term challenges or market conditions affecting Boeing's valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the continued endorsement and the lowered expectations.
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