BofA lowered the firm’s price target on Boeing to $190 from $210 and keeps a Neutral rating on the shares. The firm lowers its price target based on a 2026 free cash flow estimate of $10 per share and a lower multiple, which it thinks is justified given uncertainty surrounding the ongoing management change and the FAA’s multiple investigations.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BA:
- Boeing price target lowered to $260 from $270 at Stifel
- Boeing price target lowered to $180 from $235 at Morgan Stanley
- GE vs. GEHC: Which General Electric Stock Is Better?
- Southwest Airlines Stock (NYSE:LUV): Set to Fly as Travel Trends Shift
- Boeing (NYSE:BA) Slips on New Delivery Data and Plane Failures
