Boeing price target lowered to $257 from $268 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Boeing to $257 from $268 and keeps a Buy rating on the shares. The company’s 737 MAX deliveries were low in January and February, and Boeing has outlined it is taking “quality stand-downs” in an effort to resolve product quality issues, the analyst tells investors in a research note. The firm says this means low deliveries in the first half of 2024, which is the “right thing to do at this point, to be able to drive consistent product quality and a consistent ramp-up in deliveries medium-to-long term.”