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