Wall Street Analyst Sees Zero Upside for Boeing
Boeing (NYSE: BA) stock suffered mightily on earnings day last week -- rising at first on news that its first-quarter loss wasn't as bad as feared, but then closing the day down nearly 3% on news that Boeing is still burning cash at a frenetic pace. Investors eventually rallied to Boeing's cause, and the stock recovered some of its losses by the end of the week. That's the good news.
The bad news is that it may not last.
On Tuesday, Argus analyst John Eade announced he is removing his buy rating from Boeing stock, and downgrading the stock to hold. Eade declined to even guess at a price target for Boeing. He did say, however, that he thinks the stock is worth about $173 a share.
Source Fool.com