Boeing price target lowered to $180 from $235 at Morgan Stanley

Morgan Stanley analyst Kristine Liwag lowered the firm’s price target on Boeing to $180 from $235 and keeps an Equal Weight rating on the shares. After Q1 deliveries from Boeing showed a slower delivery cadence, the firm acknowledges that a slowdown in production may be best for safety, but adds that it sees the slower than expected delivery from production as negative for the stock and free cash flow generation. The firm continue to expect tactical volatility in Boeing’s stock, but also continues to view the risk reward as balanced at current levels.