UBS Lowers Boeing's Price Target to $290

UBS analyst Myles Walton lowered Boeing Co's (NYSE:BA) price target to $290 (implying an upside of 35.3%) from $310 and maintained a Buy rating on the shares.
Walton says the still halted 787 Dreamliner deliveries prompt further estimate cuts but that "expectations remain bottomed out."
Recently, European budget airline Ryanair Holdings Plc (NASDAQ:RYAAY) ended talks with Boeing about a potential new order worth billions of dollars for the 737 MAX 10 jets due to differences in pricing.
Price Action: BA shares are trading lower by 1.69% at $214.49 on the last check Tuesday.