Wells Fargo Maintains Underweight on Boeing, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Akers has maintained an Underweight rating on Boeing and lowered the price target from $119 to $110.
October 01, 2024 | 7:21 pm
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Wells Fargo analyst Matthew Akers has maintained an Underweight rating on Boeing and reduced the price target from $119 to $110, indicating a bearish outlook.
The Underweight rating and reduced price target suggest a negative outlook on Boeing's stock performance. This could lead to a decrease in investor confidence and potential selling pressure, impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100