Boeing (BA) Stock: $230 Price Target And Overweight Rating

Apr 11th, 2022 20:05 EST
  • The shares of Boeing Co (NYSE: BA) have received a $230 price target from Morgan Stanley. These are the details.

The shares of Boeing Co (NYSE: BA) have received a $230 price target from Morgan Stanley. And Morgan Stanley analyst Kristine Liwag is maintaining an “Overweight” rating on the shares.

Liwag adjusted the rating after noting that she may have been too optimistic coming into the year confident that the positive catalysts expected for Boeing would occur by April. And the events in the past few weeks, including the Boeing 737 NG accident in China, have pushed these milestones to the right.

Plus Liwag – who still views the stock’s risk/reward as skewed positive given that she does not expect the industry to revert back to global shutdowns – views the aerospace recovery post-COVID-19 as still only halfway through. And Liwag still expects Boeing to be free cash flow positive in 2022. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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