Bernstein Downgrades Boeing to Market Perform, Lowers Price Target to $169
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Douglas Harned has downgraded Boeing from Outperform to Market Perform and reduced the price target from $195 to $169.
October 30, 2024 | 10:03 am
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Bernstein has downgraded Boeing from Outperform to Market Perform, with a reduced price target of $169, indicating a less optimistic outlook.
The downgrade from Outperform to Market Perform suggests that the analyst sees less potential for Boeing's stock to outperform the market. The lowered price target from $195 to $169 indicates a reduced valuation expectation, which could lead to a negative short-term impact on Boeing's stock price.
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