BUZZ-Benchmark cuts Boeing PT on expected softer demand; shares fall

Reuters
昨天
BUZZ-Benchmark cuts Boeing PT on expected softer demand; shares fall

** Benchmark Equity Research cuts Boeing's BA.N PT to $215 from $250, keeps rating as "buy"

** Shares down 1.1% to ~$160 premarket

** New PT still a 32.8% upside to the stock's last close

** Brokerage says tariffs and China's refusal of aircraft deliveries from BA could soften demand

** Says BA could also be impacted by a fire at SPS Technologies' Pennsylvania factory that made fasteners for aircraft, including Boeing’s 787

** But Benchmark maintains long-term positive outlook for BA

** 19 of 29 brokerages rate the stock "buy" or higher, eight "hold" and two "sell" ; their median PT is $200 - LSEG

** As of last close, stock had fallen 8.5% YTD

(Reporting by Apratim Sarkar in Bengaluru)

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