Wells Fargo Maintains Underweight on Boeing, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Akers has maintained an Underweight rating on Boeing and slightly lowered the price target from $110 to $109.
October 14, 2024 | 2:05 pm
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Wells Fargo has maintained an Underweight rating on Boeing and slightly reduced the price target from $110 to $109, indicating a cautious outlook.
The Underweight rating suggests that Wells Fargo expects Boeing to underperform relative to the market. The slight reduction in the price target from $110 to $109 indicates a marginally more pessimistic view on Boeing's short-term prospects.
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