Jefferies Cuts Boeing Stock Price Target to $265.00 Amid Analyst Revisions
Boeing's stock price objective has been cut to $265.00 by Jefferies Financial Group, from its previous target of $295.00. This move is part of a broader trend in analyst revisions, with several other firms lowering their targets for the aerospace company.
According to MarketBeat, 13 analysts have given Boeing's stock a 'Buy' rating, while six have assigned it a 'Hold' rating. One equities research analyst has even given the stock a 'Strong Buy' rating.
The company's recent quarterly earnings report saw Boeing miss consensus estimates by $0.42, with its net margin coming in at 2.41%. Despite this, investors are keeping an eye on developments such as China's potential purchase of 200 Boeing jets and Boeing's completion of the SES O3b mPOWER constellation.
While some analysts have expressed concerns about the risks associated with these deals, others believe they could provide a significant boost to Boeing's commercial-aircraft backlog. With its stock price currently trading at $200.60, investors are eagerly awaiting further news on these developments and their impact on the company's future performance.