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Boeing: Canaccord Genuity raises target price.

(CercleFinance.com) - Canaccord Genuity has raised its target price for the Boeing share from 235 dollars to 245 dollars, although is maintaining its "hold" rating, saying that expectations are "relatively muted" before the company reports its Q3 results on 25 October.

"The highlight of the quarter will be the breakout of the Boeing Global Services (BGS) operating segment," the broker said in a note.

Regarding the announcement that Airbus will take over Bombardier's CSeries jet program, Canaccord says it does not see the event as a "material near-term threat" to Boeing.

And while sentiment on the commercial cycle remains strong, the broker says, it believes that much of the near-term upside is already priced in the Boeing stock.

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