💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Boeing price target hiked to $310 as Morgan Stanley sees solid year ahead

Published 12/15/2017, 10:32 AM
© Reuters.  Boeing price target hiked to $310 as Morgan Stanley sees solid year ahead
BA
-
MS
-
  • Boeing (BA +0.2%) adds to its 52-week highs as Morgan Stanley (NYSE:MS) raises its stock price target to $310 from $285, saying "one can make a case for another +50% year" if all the conditions work out.
  • The stock’s 2017 price performance may be "tough to replicate" but upside opportunity remains via tax reform, execution on growth and multiple expansion, says Morgan Stanley's Rajeev Lalwani, who nevertheless rates the shares at Equal Weight.
  • The firm thinks the greatest risk to the narrative in 2018 likely is macro or supply chain driven, as concerns over aviation supply and demand have dissipated for now.
  • Source: Bloomberg First Word
  • Now read: Boeing: Does The 20% Dividend Increase Plus Billion Buyback Equal A Buy?


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.