Boeing selloff offers favorable entry point, Argus says


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.

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Comments (1)
  • rodt23
    , contributor
    Comments (3) | Send Message
     
    Boeing has far too many good things going for itself to be selling at these levels. I think $150 is too cheap.
    9 Feb 2014, 10:04 AM Reply Like
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