- Benchmark analyst Josh Sullivan lowered the price target for Boeing Co (NYSE:BA) to $200 (36% upside) from $250 while maintaining the Buy rating on the shares.
- Sullivan states that Boeing’s CEO Calhoun indicated in June at a conference that “the multi-year water torture of internal supply-side negative news” is at an inflection point.
- Related: RBC Capital Cuts Boeing Price Target By 9%
- The analyst noted that the company reported better-than-expected 737 deliveries for Q2 and asserted that the 737 supply chain production is at the previously expected 31 planes per month.
- Price Action: BA shares are trading higher by 0.11% at $147.31 on the last check Friday.
- Photo Via Wikimedia
Rivian Selloff ‘Way Overdone,’ Says Fund Manager After Stock’s 23% Wreck: ‘Being Penalized For …’
As shares of EV startup Rivian plunged Thursday, a fund manager came to its defense and said the sell-off may have been overdone.
