Market Overview

UPDATE: Citigroup Raises PT on The Boeing Company on Better Cash Outlook

Share:
Related BA
Bernstein's Harned Reiterates Boeing 'Outperform,' Hikes Target To $196
Morning Market Gainers
Semper Fly: Marines Say Lockheed F-35B Combat Ready (Investor's Business Daily)

In a report published Wednesday, Citigroup analyst Jason Gursky reiterated a Buy rating on The Boeing Company (NYSE: BA), and raised the price target from $122.00 to $142.00.

In the report, Citigroup noted, “We're tweaking our cash outlook and updating our market multiple to more closely reflect Boeing Commercial's (BCA) growth opportunities ahead. Our new target PE multiple of 17x for BCA reflects a PEG of ~1x through 2015E. We've also rolled our estimates forward to 2015 as we expect investors to focus on those numbers a year from now. We maintain our Buy rating and boost our PT to $142 based on a blended target PE multiple of 15.9x.”

The Boeing Company closed on Tuesday at $119.00.

Latest Ratings for BA

DateFirmActionFromTo
Jul 2015JP MorganInitiates Coverage onOverweight
May 2015Credit SuisseInitiates Coverage onNeutral
Apr 2015CitigroupMaintainsBuy

View More Analyst Ratings for BA
View the Latest Analyst Ratings

Posted-In: Citigroup Jason GurskyAnalyst Color Price Target Analyst Ratings

 

Related Articles (BA)

Get Benzinga's Newsletters