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BUZZ-Boeing rises after Barclays upgrades to 'overweight', hikes PT

ReutersJan 6, 2025 4:33 PM

Updates

** Planemaker Boeing's BA.N shares rise ~1% to $171.36

** 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

** UBS also raises PT on BA's stock to $208 from $195

** Seventeen of 30 brokerages rate the stock "buy" or "higher", 11 "hold" and 2 "sell"; median PT is $200, 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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