Market Overview

UPDATE: Canaccord Genuity Initiates Coverage on The Boeing Company on Multiple Positive Factors

Related BA
Bespoke Investment Group's Co-Founder Shares Stocks He Would Avoid After FOMC
Stocks Gain On Federal Reserve Update
Tech Rewind: All Eyes on Alibaba's Stellar Debut (Fox Business)

In a report published Thursday, Canaccord Genuity analyst Ken Herbert initiated coverage on The Boeing Company (NYSE: BA) with a Buy rating and $140.00 price target.

In the report, Canaccord Genuity noted, “We are initiating coverage of Boeing (BA) with a BUY rating and a $140 price target. We believe BA will continue to benefit from strong industry fundamentals and should see further upside to current production levels. Improving cash flows and cash deployment are the key drivers for the stock.”

The Boeing Company closed on Wednesday at $114.47.

Latest Ratings for BA

DateFirmActionFromTo
Sep 2014BarclaysMaintainsOverweight
Sep 2014BarclaysMaintainsOverweight
Sep 2014Buckingham ResearchDowngradesNeutralUnderperform

View More Analyst Ratings for BA
View the Latest Analyst Ratings

Posted-In: Canaccord Genuity Ken HerbertAnalyst Color Initiation Analyst Ratings

 

Related Articles (BA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters