Boeing price target lowered to $250 from $275 at UBS

UBS lowered the firm’s price target on Boeing to $250 from $275 and keeps a Buy rating on the shares. Boeing’s financial update was well below market expectations, indicating the MAX and cash flow could remain volatile near-term, but all in the interest of safety and stability, the analyst tells investors in a research note. Demand for new aircraft remains robust, Boeing is addressing regulator safety concerns immediately, and UBS sees much higher cash flow in 2-3 years on normalized production, the firm says.