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

Nio's stock falls after Goldman analyst downgrade, 3 weeks after turning bullish

9:14 am ET June 24, 2020 (MarketWatch)
Print

Shares of Nio Inc. (NIO) dropped 4.0% in premarket trading Wednesday, after Goldman Sachs analyst Fei Fang removed the buy rating on the China-based electric vehicle maker, citing valuation concerns, just three weeks after turning bullish (http://www.marketwatch.com/story/nio-stock-rallies-15-after-goldman-sachs-upgrades-it-to-buy-2020-06-03). Fang cut the stock's rating to neutral, but raised the price target to $7.00 from $6.40. Fang had upgraded Nio to buy on June 3. The stock, which closed Wednesday at $7.23, or 13% above Fang's previous price target, had run up 54% since the upgrade, while the iShares MSCI China ETF (MCHI) has gained 5.5%, U.S.-based rival Tesla Inc.'s stock (TSLA) has rallied 13.6% and the S&P 500 has tacked on 1.6%. Fang noted that since turning bullish, Nio completed a share offering with net proceeds of $475 million, or 77% more than expected, and data showed that luxury car penetration in China is accelerating ahead of expectations, amid the COVID-19 pandemic. Nio's stock, which closed at a 15-month high on Monday, has run up 79.9% year to date.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 24, 2020 09:14 ET (13:14 GMT)

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