U.S. Markets closed

Boeing Climbs as Morgan Stanley Analyst Boosts Price Target to $450

Rob Lenihan

climbed 2.6% to $352.61 Thursday after Morgan Stanley analyst Rajeev Lalwani upgraded the aerospace company to "overweight" from "equal weight" and increased his price target to $450. "Shares are down ~15% from highs, creating a favorable Bull-Bear skew alongside offering a FCF yield of ~10% on our 2020E," Lalwani wrote.