
: Boeing upgraded to buy, target price trimmed to 9 from 9 at Citi #FinanceUSA #StockMarketNEWS Boeing was upgraded to buy from neutral by analysts at Citigroup on the view that the aerospace
@stockMarketNEWS 16 Days ago
Boeing upgraded to buy, target price trimmed to 9 from 9 at Citi #FinanceUSA #StockMarketNEWS
Boeing was upgraded to buy from neutral by analysts at Citigroup on the view that the aerospace giant can resolve its medium-term risks. Boeing's price target was trimmed to 9 from 9 a share. "If the 737MAX, 777X (both of reasonable concern to us) and the 787 (of less concern) programs achieve our forecast levels of production and profitability, we estimate fair value to be 9/sh (our new target price), implying ~70% upside," said a team of analysts led by Charles Armitage. "If the 737MAX and 777X only achieve our downside case, we estimate value to be 6/sh, marginally below the current share price. And, if all three programs go badly, we see value at about /sh, ~30% below the current price," said the Citi analysts. They added that given risks to 737MAX, 777X and 787, French rival Airbus is "materially lower risk and is our preferred global aerospace pick."
Munafa USA Munafa India Munafa NSE
More posts by @stockMarketNEWS

: Jabil beat profit and revenue expectations, raises full-year outlook #FinanceUSA #StockMarketNEWS Shares of Jabil Inc. slipped 0.7% in premarket trading Thursday, but outperformed the sharp selloff
@stockMarketNEWS 16 Days ago

: Petco heads to rural communities with concept store for pets and farm animals #FinanceUSA #StockMarketNEWS Petco Health & Wellness Co. Inc. said Thursday that it's testing a concept store designed
@stockMarketNEWS 16 Days ago
0 Comments
Sorted by latest first Latest Oldest Best