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Jefferies Cuts Boeing Price Target Ahead of Q3 Report

Guavy AI Editorial Team
Instruments
BA
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Boeing's (BA) shares were in focus after Jefferies lowered its price target ahead of the company's Q3 report. The firm cut its target to $265 from $295, while maintaining a 'Buy' rating.

Jefferies expects Boeing to post a third-quarter loss of $0.55 per share, below the consensus loss of $0.11 per share. This estimate is based on wider losses in the Commercial Airplanes segment.

BofA analyst Ronald Epstein noted that the recent selloff looked 'a bit dramatic' and pointed to a potential SPEEA strike as a near-term risk.

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