Boeing Co
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Industrials : Aerospace & Defense | Large Cap Value
Company profile

The Boeing Company is an aerospace firm. The Company operates in four segments: Commercial Airplanes (BCA); Defense, Space & Security (BDS); Global Services (BGS), and Boeing Capital (BCC). BCA segment develops, produces and markets commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. BGS segment provides services to commercial and defense customers worldwide. BCC's segment portfolio consists of equipment under operating leases, finance leases, notes and other receivables and assets held for sale.

Closing Price
$180.81
Day's Change
0.49 (0.27%)
Bid
--
Ask
--
B/A Size
--
Day's High
187.79
Day's Low
180.43
Volume
(Light)
Volume:
41,792,299

10-day average volume:
57,421,069
41,792,299

Tesla gets a bearish downgrade at Morgan Stanley due to price cuts, China risk

9:47 am ET June 12, 2020 (MarketWatch)
Print

Morgan Stanley analyst Adam Jonas turned bearish on Tesla Inc. shares (TSLA) Friday, downgrading them to underweight from equal-weight on concerns about U.S.-China dynamics as well as recent price cuts. He wrote that Tesla's recent rally, which has seen the stock climb more than 130% on the year, doesn't adequately reflect the potential for a deterioration in U.S.-China relations that could "disproportionately" impact Tesla relative to the other automotive companies Jonas covers, in his view. Jonas also worries about recent "strategic moves in transportation and mobility" made by big tech firms, which could represent new competition for Tesla over time. More immediately, he's concerned about challenges related to restarting the Fremont facility and recent price cuts in China and the U.S. "Risk to short-term pricing dynamics represents the entirely of our price target change today," Jonas wrote, as he lowered his price target to $650 from $680. Goldman Sachs also downgraded Tesla's stock Friday (http://www.marketwatch.com/story/tesla-cut-to-neutral-gm-raised-to-buy-at-goldman-sachs-2020-06-12), moving to a neutral rating on the name. Tesla shares are up 1.5% in Friday trading and they've added 76% over the past three months as the S&P 500 has lost 24%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 12, 2020 09:47 ET (13:47 GMT)

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