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.
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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.