Wells Fargo Maintains Underweight on Boeing, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Akers has maintained an Underweight rating on Boeing and lowered the price target from $109 to $86.
October 24, 2024 | 2:01 pm
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Wells Fargo has maintained an Underweight rating on Boeing and reduced the price target from $109 to $86, indicating a bearish outlook.
The Underweight rating and lowered price target suggest that Wells Fargo expects Boeing's stock to underperform. This could lead to a negative short-term impact on Boeing's stock price as investors react to the bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
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