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Has Boeing's Tumble Created a Buying Opportunity?

Earlier this week we looked at the bull and bear cases for Boeing (BA). Bernstein analyst Douglas Harned reiterated an Overweight rating and $422 price target on Boeing on Thursday arguing that the company is “relatively insulated compared to other industrials, given its large and diverse backlog.” Shares of Boeing have declined 12% over the last two weeks. Investors have been unnerved about the impact of a full-blown trade war after the Trump administration announced a slew of tariffs on Chinese goods, penalties that China has said it will match.