Credit Suisse Raises Price Target on Boeing (BA)

Credit Suisse Raises Price Target on Boeing (BA)

RSS

Credit Suisse reported on Wednesday that it has increased its price target for aerospace company, The Boeing Company (BA).

The firm has reaffirmed an “Outperform” rating on BA, and has raised the company’s price target from $87 to $88. This price target suggests a 10% upside from the stock’s current price of $78.92.

An analyst from the firm commented, “We believe shares would have moved already on January’s favorable guidance methodology adjustment if not for the battery, which we see as largely priced in. That said, once these 787 issues are resolved (as we expect they will be), we see BA shares at or near full value in the high 80′s and would move to suppliers with content growth stories and greater incremental margins to play the OE cycle on a longer-term basis.”

Boeing shares were mostly flat during Wednesday afternoon trading. The stock has increased 8% in the past year.

The Bottom Line
Shares of The Boeing Company(BA) have a 2.46% yield, based on Wednesday afternoon’s price of $78.90.

The Boeing Company(BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today