Boeing selloff offers favorable entry point, Argus says

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (BA +2.5%) shares have pulled back 10% in 2014 and 16% from their all-time high on Jan. 22, which Argus Research believes presents a "substantial buying opportunity."

Even under its most conservative forecasts, the firm calculates a fair value for BA shares well above the current market price given its expectations for significant growth in free cash flow over the next several years.

The firm reiterates its $150 target price, believing BA's growth prospects do not yet appear fully priced in.