RBC Capital Upgrades Boeing (BA)
Fintel reports that on November 28, 2023, RBC Capital upgraded their outlook for Boeing (NYSE:BA) from Sector Perform to Outperform .
Analyst Price Forecast Suggests 14.10% Upside
As of November 27, 2023, the average one-year price target for Boeing is 250.22. The forecasts range from a low of 191.90 to a high of $288.75. The average price target represents an increase of 14.10% from its latest reported closing price of 219.30.
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The projected annual revenue for Boeing is 83,266MM, an increase of 9.91%. The projected annual non-GAAP EPS is 2.57.
What is the Fund Sentiment?
There are 2949 funds or institutions reporting positions in Boeing. This is an increase of 39 owner(s) or 1.34% in the last quarter. Average portfolio weight of all funds dedicated to BA is 0.45%, a decrease of 3.74%. Total shares owned by institutions increased in the last three months by 2.67% to 424,573K shares. 
The put/call ratio of BA is 0.89, indicating a bullish outlook.
What are Other Shareholders Doing?
Newport Trust holds 33,375K shares representing 5.52% ownership of the company. In it's prior filing, the firm reported owning 34,565K shares, representing a decrease of 3.57%. The firm decreased its portfolio allocation in BA by 7.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 18,768K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 18,520K shares, representing an increase of 1.32%. The firm decreased its portfolio allocation in BA by 7.06% over the last quarter.
Capital World Investors holds 17,497K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 18,306K shares, representing a decrease of 4.63%. The firm decreased its portfolio allocation in BA by 10.65% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 13,464K shares representing 2.23% ownership of the company. In it's prior filing, the firm reported owning 13,122K shares, representing an increase of 2.54%. The firm decreased its portfolio allocation in BA by 7.62% over the last quarter.
Capital Research Global Investors holds 12,455K shares representing 2.06% ownership of the company. In it's prior filing, the firm reported owning 11,115K shares, representing an increase of 10.75%. The firm increased its portfolio allocation in BA by 4.52% over the last quarter.
Boeing Background Information
(This description is provided by the company.)
Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support. As America’s biggest manufacturing exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.
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This story originally appeared on Fintel.