UPDATE: Canaccord Genuity Initiates Coverage on The Boeing Company on Multiple Positive Factors
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
|Apr 2016||Argus Research||Maintains||Buy|
|Apr 2016||Bank of America||Downgrades||Neutral||Underperform|
|Mar 2016||Canaccord Genuity||Downgrades||Buy||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.