TD Cowen Reiterates Buy Rating on Boeing (BA)

TD Cowen analyst Cai von Rumohr reiterated a Buy rating and $230.00 price target on Boeing (NYSE: BA).

The analyst commented, "BA's contract offer addresses key IAM wage & job demands; and IAM leadership support boosts likelihood of membership approval in Thursday's vote. Avoiding a disruptive strike should outweigh the contract's costs; and because negotiation outcome looked very uncertain, we expect the stock to move up."

For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.

Shares of Boeing closed at $157.62 yesterday.

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