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Boeing (BA) cut to Hold at Argus as turnaround opportunity 'multiple quarters in the future'
April 30, 2024 7:31 AM EDTOn Tuesday, Argus analysts downgraded shares of Boeing (NYSE: BA) to a Hold rating, a change from their previous Buy stance. The adjustment comes as Boeing's stock has shown a notable underperformance compared to the broader market in the recent quarter, with a 16% decline while the S&P 500 index has gained 5%.
The firm stated: "We have long viewed Boeing as a Special Situation, but, absent a CEO, the turnaround opportunity is now multiple quarters in the future."
The aerospace giant has... More
William Blair Pounds Table in Defense of Boeing (BA): 'We see greater than 15% upside over the next year'
April 30, 2024 7:03 AM EDTWilliam Blair analyst Louie DiPalma reiterated an Outperform rating and {REMOVEPT} price target on Boeing (NYSE: BA)
The analyst comments "The Seattle Times reported that Boeings board is now contemplating returning its headquarters to the Seattle area after being opposed to the move as recently as February. While we believe this... More
