Morgan Stanley lowered the firm’s price target on Boeing (BA) to $170 from $195 and keeps an Equal Weight rating on the shares. The firm sees the new credit agreement and mixed shelf helping lift liquidity concerns, providing near-term support for the stock, adding that it believes investors think “we could be approaching trough for the stock given new clarity around liquidity.” While consensus expectations continue to assume a near-term resolution to the labor dispute, the firm is “hesitant to fully discount the possibility of the labor strike dragging on,” the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BA:
- Concerns Grow over Boeing’s (NYSE:BA) Borrowing Plans
- Boeing price target lowered to $210 from $230 at Susquehanna
- Boeing price target lowered to $195 from $207 at Bernstein
- Boeing’s (NYSE:BA) Space Ambitions Scuttled Until 2025
- Boeing near $15B share and convertible bond capital raise, Reuters says