Boeing: Credit Suisse raises price target
(CercleFinance.com) - Credit Suisse has raised its price target on Boeing from 154 dollars to 184 dollars, seeing some near-term opportunities for the shares such as the MAX ungrounding or potential progress on a vaccine.
However, the broker maintained its "neutral" rating on the stock given limited upside to its price target, investor fatigue, increased financial leverage, proven fragility, an increased likelihood of future development issues and increased uncertainty regarding the company's terminal value.
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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.
However, the broker maintained its "neutral" rating on the stock given limited upside to its price target, investor fatigue, increased financial leverage, proven fragility, an increased likelihood of future development issues and increased uncertainty regarding the company's terminal value.
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.