Is Boeing Stock Going to $240? One Wall Street Analyst Thinks So.
(NYSE: BA) got more bad news this week. Its unresolved negotiations with the International Association of Machinists and Aerospace Workers (IAM) threaten the company's cash situation and could lead it to raise funding or even resort to layoffs.
Despite the uncertainty, a UBS analyst recently maintained a buy rating on the stock and a $240 target. Shares currently trade around $155.
Boeing reached a tentative agreement on a new contract with union representatives, but 95% of the IAM's members voted to reject the contract, and 96% voted to strike. The company does not need a strike now. It ended the second quarter with $57.9 billion in consolidated debt and just $12.6 billion in cash.
Source Fool.com
Boeing Co. Stock
€140.68
0.440%
Our community is currently high on Boeing Co. with 38 Buy predictions and 6 Sell predictions.
As a result the target price of 220 € shows a very positive potential of 56.38% compared to the current price of 140.68 € for Boeing Co..
