BofA/Merrill Lynch Downgrades Boeing (BA) to Neutral
Get Alerts BA Hot Sheet
Price: $161.22 -1.89%
Rating Summary:
23 Buy, 14 Hold, 4 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
23 Buy, 14 Hold, 4 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Join SI Premium – FREE
(Updated - April 8, 2019 6:40 AM EDT)
(updated to add analyst comment)
BofA/Merrill Lynch analyst Ronald Epstein downgraded Boeing (NYSE: BA) from Buy to Neutral with a price target of $420.00 (from $480.00).
- Foresees 6-9 months of disruption to operations compared with 3-6 previously.
- Notes 737 accounts for 40 of EBIT, making it the most profitable program.
- Expects valuation to trade at historical 25% discount to the broader S&P 500 on a Price-to-Free Cash Flow basis.
For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.
Shares of Boeing closed at $381.50 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SEI Investments (SEIC) PT Lowered to $69 at Piper Sandler
- Meta Platforms Inc. (META) PT Lowered to $545 at Piper Sandler
- United Community Banks (UCBI) PT Lowered to $32 at DA Davidson
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change, Downgrades, Hot Comments, Hot DowngradesRelated Entities
Standard & Poor's, BofA/Merrill LynchSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!