Cowen & Co. Sticks to Its Buy Rating for Boeing (BA)
Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Boeing (BA) today and set a price target of $460. The company’s shares closed on Friday at $355.86.
According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 15.1% and a 72.6% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
Currently, the analyst consensus on Boeing is a Moderate Buy with an average price target of $435.13, representing a 22.3% upside. In a report issued on June 27, UBS also maintained a Buy rating on the stock with a $500 price target.
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Boeing’s market cap is currently $200.5B and has a P/E ratio of 20.36. The company has a Price to Book ratio of 1603.98.
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