Aircraft maker The Boeing Company ( BA ) on Wednesday saw its price target lowered by analysts at Deutsche Bank.
The firm maintained its "Buy" rating on BA, but lowered its price target from $85 to $83. That new target still suggests a healthy 32% upside to the stock's Tuesday closing price of $62.85.
Boeing shares, which have fallen about 3.7% year-to-date, rose 65 cents, or +1%, in premarket trading Wednesday.
The Bottom Line
Shares of Boeing ( BA ) have a 2.67% dividend yield, based on last night's closing stock price of $62.85. The stock has technical support in the $57-$58 price area. If the shares can firm up, we see overhead resistance around the $65-$67 price levels.
The Boeing Company ( BA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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