Northcoast Research Downgrades Boeing to Sell, Announces $140 Price Target
Portfolio Pulse from Benzinga Newsdesk
Northcoast Research analyst Chris Olin downgrades Boeing (NYSE:BA) from Neutral to Sell and sets a $140 price target.

April 17, 2024 | 4:58 pm
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Boeing downgraded from Neutral to Sell by Northcoast Research with a new price target of $140.
The downgrade from Neutral to Sell by a research analyst typically indicates a bearish outlook on the stock, suggesting that the analyst believes the stock's market price will decrease in the short term. The setting of a specific price target provides a quantitative expectation for this decrease, which can influence investor sentiment and potentially lead to a decrease in stock price as market participants adjust their expectations based on this new analysis.
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