BofA says BA selloff “a bit dramatic,” reiterates Buy
Bank of America reiterated its Buy rating and $270 price target on Boeing (BA), describing the recent selloff as “a bit dramatic” and flagging near-term risk tied to a potential SPEEA strike.
Boeing shares were in focus Friday morning after Bank of America said the recent decline in the stock was “a bit dramatic” and reiterated its Buy rating and $270 price target. According to TheFly, BofA analyst Ronald Epstein said Boeing shares had fallen about 7% earlier in the session.