Boeing price target raised to $207 from $200 at JPMorgan

JPMorgan analyst Seth Seifman raised the firm’s price target on Boeing to $207 from $200 and keeps an Overweight rating on the shares. The recent rally in the stock implies limited upside for Boeing on an orthodox, "fair value" basis, Seifman tells investors in a research note. However, with "meaningful" free cash flow growth, higher deliveries, and de-levering possible in the coming years, Boeing is more likely to overshoot than undershoot today’s assessment of "fair value," writes the analyst. He believes the most important thing this year is for Boeing to execute effectively on 737 and 787 production.