BUZZ-Boeing rises after Barclays upgrades to 'overweight', hikes PT
ReutersJan 6, 2025 1:13 PM
** Planemaker Boeing's BA.N shares rise 1.7% to $172.80, premarket
** Barclays raises rating on the stock to "overweight" from "equal-weight"; cites stronger growth trend in Original Equipment (OE) over aftermarket
** Barclays raises PT to $210 from $190 and Jefferies to $205 from $200
** Barclays expects positive relative EPS growth and further outperformance in the aerospace sector in 2025
** Seventeen of 30 brokerages rate the stock "buy" or "higher", 11 "hold" and 2 "sell"; median PT is $197.50, according to data compiled by LSEG
** Stock lost 32% in 2024 as the planemaker navigated multiple setbacks
(Reporting by Rupali Chaudhary in Bengaluru)
((Rupali.Chaudhary@thomsonreuters.com))
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