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Boeing Falls Despite JPMorgan Boosting Price Target to $450

Tony Owusu

shares fell 0.2% to $403.95 at the close of trading Monday after analysts at JPMorgan raised the industrial's price target to $450. The price target represents an 11% upside from the company's Friday closing price of $404.91. "Boeing is among the companies best positioned to benefit from positive aero fundamentals, and the company is consciously trying to shape the industry to capture more value for itself, which could mean strong relative performance and potential upside to estimates," said analyst Seth Seifman.