Drexel Hamilton reported on Monday that it has raised its price target on aerospace company, The Boeing Company (BA)
The firm, which currently has a “Buy” rating on BA, has raised its price target to $110. This price target suggests a 16% upside from the stock’s current price of $92.32. Analysts have boosted their numbers on the company due to its record backlog and its ability to expand margins.
Boeing shares were down 53 cents, or -0.57% during premarket trading Monday. The stock has increased 20% in the past year.
The Bottom Line
Shares of The Boeing Company (BA) have a 2.09% yield, based on Friday’s closing price of $92.85.
The Boeing Company (BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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