Jim Cramer Is Worried About This Plane Maker, Says Palo Alto Is A 'Good' One

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Palo Alto Networks, Inc. PANW is a “good” one.

On Friday, Morgan Stanley analyst Hamza Fodderwala maintained Palo Alto with an Overweight and raised the price target from $390 to $421.

Cramer said he is worried about Boeing BA. “The balance sheet's not great, and they should have raised capital when they had a chance to. This was a very jarring series of news tonight, and I don't have any conviction whatsoever that they are getting this right,” he added.

On Friday, Boeing reported a preliminary loss of $9.97 per share and revenue of $17.8 billion for the third quarter. The company also announced a 10% reduction in its workforce.

When asked about Johnson Controls International JCI, he said, “Can you believe that company's made such a comeback? I like Carrier CARR, I like Trane TT, and I like Johnson Controls.”

On Oct. 7, Wells Fargo analyst Joe O’Dea maintained Johnson Controls Intl with an Overweight and raised the price target from $80 to $84.

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Fulton Financial Corporation FULT is a “good one,” the “Mad Money” host said.

Fulton Financial will report its third quarter 2024 earnings on Tuesday, Oct. 15, at approximately 4:30 p.m. ET.

Price Action:

• Boeing shares gained 3% to settle at $151.02 on Friday.
• Palo Alto shares gained 1% to close at $373.20.
• Johnson Controls International shares gained 0.9% to close at $77.61 on Friday.
• Fulton Financial shares gained 2.7% to close at $17.95 during the session.

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