Boeing Stock Is in the Penalty Box, but One Analyst Remains Bullish

Boeing investors have had to deal with a lot, including very volatile quarterly numbers. They may be tempted to sell. That would be a bad decision according to one analyst, even though he understands the frustration.

Sunday evening, Seaport analyst Richard Safran cut his Boeing (ticker: BA) price target by 38% to $186 from $298 a share. Still, he rates shares at Buy even though times have been tough. Boeing stock is down about 28% year to date and down 68% from its all-time high set in 2019.

Leave a Reply

Your email address will not be published. Required fields are marked *