Results for: Price Target Adjustment

Citigroup has reaffirmed its ‘Buy’ rating for Boeing (BA) stock, while adjusting the price target downward from $252 to $224. This reassessment follows Boeing’s first-quarter results, which exceeded expectations in terms of revenue, earnings per share (EPS), and free cash flow (FCF). Despite the positive financial performance, Citi acknowledges that Boeing faces significant challenges ahead, including increasing production rates of the 737, enhancing quality, repairing its reputation, obtaining certification for new aircraft models, and managing its balance sheet. The firm believes that Boeing can overcome these challenges and leverage its strong position in the commercial aerospace sector. However, the lowered price target reflects the firm’s recognition of the company’s ongoing difficulties.

Mizuho Securities has adjusted its expectations for Tesla Inc. (TSLA), reducing the electric vehicle manufacturer’s price target from $195 to $180. Despite maintaining a Neutral rating, the firm highlighted Tesla’s recent quarterly financial report, which revealed lower-than-expected revenue and earnings per share (EPS). The automaker’s automotive gross margins also fell below consensus estimates. While Tesla expects year-over-year sales growth, the lack of detailed volume guidance raised concerns for Mizuho. The firm also noted a potential slowdown in electric vehicle demand and Tesla’s delayed plans to introduce cheaper models.