Shares of Boeing (NYSE:BA) are slightly lower today following a downgrade from Morgan Stanley (NYSE:MS). Interestingly, analyst Kristine Liwag changed her rating from Buy to Hold while assigning a price target of $220 per share. For reference, her previous price target was $213.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
The reason for the downgrade has to do with BA stock’s strong performance in the past few months, causing the risk-to-reward ratio to become more level. In addition, she also believes that most positive catalysts have been priced in.
Overall, Wall Street analysts have a consensus price target of $215.50 on BA stock, implying 3.55% upside potential, as indicated by the graphic above.
