Morgan Stanley Downgrades Boeing (BA) to Equalweight

March 13, 2017 5:32 AM EDT
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Price: $224.43 +0.93%

Rating Summary:
    26 Buy, 11 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 14 | New: 46
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(Updated - March 13, 2017 6:13 AM EDT)

(updated to add price target and analyst comment)

Morgan Stanley downgraded Boeing (NYSE: BA) from Overweight to Equalweight, price target $190.00 (from $185.00)

Analyst Rajeev Lalwani comments "For the rest of 2017, BA has several risks and opportunities. Aircraft order flow
will likely remain light and with a book to bill in the sub-1x range, while the backlog faces risk around a more subdued airline profit environment. But it is not all bad, and we could argue that upside opportunities may quickly mount given potential tax reform and broader economic stimulus. The former could be powerful if accompanied by some type of border adjustment and could propel shares to our bull case of $254. Looking forward, despite the rest of 2017 being mixed, the longer-term narrative is impressive on cash flow and growth."

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 $178.70 Friday.

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