Boeing Co (BA) Downgraded to Hold


Boeing Co (NYSE:BA) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Tuesday, Marketbeat.comreports. They currently have a $130.20 target price on the aircraft producer’s stock. Vetr‘s target price indicates a potential downside of 2.81% from the stock’s current price.
A number of hedge funds have added to or reduced their stakes in BA. TRUE Private Wealth Advisors acquired a new stake in Boeing during the fourth quarter valued at $1,397,000. Nomura Asset Management Co. Ltd. raised its stake in Boeing by 1.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 238,112 shares of the aircraft producer’s stock valued at $34,429,000 after buying an additional 4,304 shares during the period. Reliance Trust Co. of Delaware raised its stake in Boeing by 24.0% in the fourth quarter. Reliance Trust Co. of Delaware now owns 44,509 shares of the aircraft producer’s stock valued at $6,436,000 after buying an additional 8,605 shares during the period. Lynch & Associates IN raised its stake in Boeing by 2.4% in the fourth quarter. Lynch & Associates IN now owns 9,490 shares of the aircraft producer’s stock valued at $1,372,000 after buying an additional 225 shares during the period. Finally, Stifel Financial Corp raised its stake in Boeing by 81.8% in the fourth quarter. Stifel Financial Corp now owns 1,108,250 shares of the aircraft producer’s stock valued at $132,027,000 after buying an additional 498,751 shares during the period.