Boeing Downgraded to “Neutral” at Argus Research on Valuation Concerns (BA)

Aircraft maker The Boeing Company ( BA ) on Wednesday caught a downgrade from analysts at Argus Research. The firm said it downgraded BA from “Buy” to “Hold,” noting that ongoing 787 delays and defense spending cuts aren’t yet priced into the stock. Boeing shares fell 44 cents, or -0.7%, in premarket trading Wednesday. The Bottom Line Shares of Boeing ( BA ) have a 2.51% dividend yield, based on last night’s closing stock price of $66.94. The stock has technical support in the $60 price area. If the shares can firm up, we see overhead resistance around the $70-$71 price levels. The Boeing Company ( BA ) is not recommended at this time, holding a Dividend.com 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 Downgraded to “Neutral” at Argus Research on Valuation Concerns (BA)

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