Boeing’s Price Target Lowered at RBC Capital (BA)

Filed in boeing, dividend, Gold Investing, lead, o, RBC Capital, shares, target by on November 29, 2010 0 Comments

Aircraft maker The Boeing Company ( BA ) on Monday saw its price target cut by analysts at RBC Capital. The firm said it lowered its price target for BA to $78, which still represents an expected 20% upside to the stock’s Friday closing price of $64.80. RBC Capital also maintained its “Overweight” rating on the stock, but noted the announced design change to the power system of its new 787 Drealiner aircraft will lead to even more delays. Boeing shares fell 32 cents, or -0.5%, in premarket trading Monday. The Bottom Line Shares of Boeing ( BA ) have a 2.59% dividend yield, based on Friday’s closing stock price of $64.80. The stock has technical support in the $60 price area. If the shares can firm up, we see overhead resistance around the $71-$73 price levels. The Boeing Company ( BA ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Boeing’s Price Target Lowered at RBC Capital (BA)

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