Boeing: Jefferies revises target price
(CercleFinance.com) - While maintaining a buy rating on the Boeing share, an analyst at Jefferies announced cutting its corresponding target price,
"Prior to COVID-19, our supply and demand was fairly simple.
.. However, our 4% net fleet growth is likely no longer valid in a scenario where we assume a 9% decline in air traffic and impact to airline profitability," the broker says.
Jefferies has therefore cut its target price from 390 dollars to 350 dollars.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Prior to COVID-19, our supply and demand was fairly simple.
.. However, our 4% net fleet growth is likely no longer valid in a scenario where we assume a 9% decline in air traffic and impact to airline profitability," the broker says.
Jefferies has therefore cut its target price from 390 dollars to 350 dollars.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.