Inside the Downgrade
The firm has a $132 price target on Boeing, suggesting a 15% decline.
Has Boeing’s Bull Run Come to a Halt?
However, on Friday, Sterne Agee had a different view on Boeing, citing impressive free cash flow. The firm boosted its rating on BA to “Buy” with a $196 price target.
While there are mixed analyst views on the stock, this stock may be a good choice for long-term investors seeking a healthy dividend yield that has room to grow. In December, the company boosted its dividend by 25%.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.56%|
|VFINX||Vanguard 500 Index||1.03%|
|PRGFX||T. Rowe Price Growth Stock||0.71%|
The Bottom Line
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