Argus keeps a Buy rating and $240 price target on Boeing while noting that the stock offers a ‘turnaround opportunity’ after falling nearly 20% over the past few weeks as a result of new problems with its 737 MAX airplane. Boeing remains among the largest aerospace and defense companies in its coverage universe and likely has a superior long-term prospects due to its leading presence in the growing commercial aerospace industry and its significant backlog, the firm tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BA:
- Boeing Stock (NYSE:BA): New Quality Issue to Delay 737 MAX Deliveries
- Boeing’s troubles likely not going away, Barron’s says
- Is Boeing (NYSE:BA) Making a Comeback Again? Analysts Weigh In
- Boeing price target raised to $272 from $245 at Bernstein
- Jefferies aerospace/defense analysts to hold analyst/industry conference call
