Morgan Stanley lowered the firm’s price target on Boeing to $235 from $255 and keeps an Equal Weight rating on the shares. With the recent positive inflection of the stock, the firm questions if now is “an opportune time to buy Boeing,” but thinks it “may still be too early to know if Boeing is out of the woods regarding disruption risk.” A debate remains on whether the Federal Aviation Administration “has more bark than bite” and if the company could see additional actions that could further disrupt aircraft production, the analyst added.
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