Boeing downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Kristine Liwag downgraded Boeing to Equal Weight from Overweight with a price target of $220, up from $213. The analyst sees the stock approaching fair value at currency levels after its recent outperformance. Going forward, Boeing will trade on execution of its 2025 and 2026 aircraft production rate targets and free cash flow generation, Liwag tells investors in a research note. The analyst sees a balanced risk/reward, saying the majority of the near- and medium-term positive catalysts for the stock have been realized.