Aircraft maker The Boeing Company (BA) on Friday caught some positive commentary from analysts at JPMorgan Chase.
The firm maintained its “Overweight” rating on BA and lifted its price target from $80 to $85. That new target suggests a nearly 16% upside to the stock’s Thursday closing price of $73.53.
Boeing shares, which have risen more than 12% in the past year, posted modest gains in premarket trading Friday.
The Bottom Line
Shares of Boeing (BA) have a 2.39% dividend yield, based on last night’s closing stock price of $73.53. The stock has technical support in the $68-$70 price area. If the shares can firm up, we see overhead resistance around the $75-$76 price levels.
The Boeing Company (BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.