RBC Capital analyst Ken Herbert lowered the firm’s price target on Boeing to $210 from $225 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q3 results in Aerospace & Defense. This should be a favorable reporting season for the defense stocks, though commercial OE results will justify continued caution, even with lowered expectations, the analyst tells investors in a research note. The supply chain continues to struggle however, which will result in lower Q3 free cash flow for the company, the firm added.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
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 delivery estimates lowered due to rework headwind, says Susquehanna
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Boeing inspections lower 737 guidance probability, says Deutsche Bank
- Boeing (NYSE:BA) Drops as Deutsche Bank Lowers Plane Deliveries Forecast
- Boeing (NYSE:BA) and Spirit Broaden Inspection of 737 Max Jets