Following Boeing’s 3Q17 earnings announcement, two analysts initiated coverage on the stock, while some raised their target prices. Jefferies raised its target to $312 from $300, Vertical Research raised its target to $285 from $280, Bernstein raised its target to $310 from $308, RBC raised its target to $273 from $269, Canaccord Genuity raised its target to $250 from $245 and maintained a “hold” rating, and Citigroup raised its target to $305.
Boeing’s consensus-12-month target price is $285.20, which indicates a 7.4% return potential as of November 28, 2017, when it closed at $267.90. This target price is slightly higher than its post-2Q17 target of $268.80. Currently, Boeing’s highest target is $350, and its lowest target is $203.