Boeing price target raised to $175 from $170 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Boeing (BA) to $175 from $170 and keeps an Equal Weight rating on the shares. The firm, which is moving its Defense industry view to “In-Line” as it balances a favorable geopolitical environment against headline and earnings risks from the emergence of the Department of Government Efficiency, says concerns over Boeing’s ability to ramp production and inflecting investor sentiment should provide “tactical trading opps for what we expect to be a range-bound stock.”