- JPMorgan analyst Seth Seifman upgraded Boeing Co BA to Overweight from Neutral and raised the price target to $275 (an upside of 21.38%), from $260.
- Seifman says the shares have a "fairly defined catalyst path," and the first, China's MAX certification, "is now in view."
- Further, Boeing's position at the center of global air travel "offers confidence that it will recover financially over time, and we believe risk-reward now skews favorably," says the analyst.
- Seifman admits the upgrade "maybe early" and that he's "prepared for a slog."
- Also read, Why This Investor Bought Shares Of Boeing.
- Price Action: BA shares are trading higher by 1.99% at $231.12 during the pre-market session on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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