Buckingham Research downgraded Boeing to "underperform," the first such rating for the company since 2009, according to Reuters. The analyst firm set a price target of $101 for the airplane maker, saying that lower 777 production rates and higher deferred 787 costs will negatively impact the company's results.
RBC Capital lowered its price target for Boeing to $134 from $145. Investor sentiment toward Boeing and competitor Airbus (EADSY) "is likely to remain muted, as there is concern over the visual headwind of declining orders, and increased cancellations, despite the record backlogs," RBC analyst Robert Stallard wrote.
Must Read: 50 Stocks Hedge Funds Love
Separately, TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."