This post was originally published on this site
The company’s shares surged more than 10% today after it insisted that there’s no problem with demand for its cars, and forecast another year of solid – if slightly slower – growth.
Citi raised the price target on Boeing (BA) to $248.00 from $222.00 while maintaining a Buy rating.
The company posted a surprise loss in Q4 due largely to production delays with its 777-9 project. The company is taking extra care to avoid a repeat of the 737 MAX certification scandal. Boeing still reported positive annual cash flow for the first time since 2018 and forecasted a further improvement this year.
Deutsche Bank raised the price target on Packaging Corp. of America (PKG) to $106.00 from $104.00 while maintaining a Sell rating. Shares gained more than 7% on the Q4 EPS beat.
Citi raised the price target on U.S. Bancorp (USB) to $54.00 from $50.00 while maintaining a Neutral rating.
Cowen lowered the price target on Uber Inc. (UBER) to $66.00 from $70.00 while maintaining an Outperform rating.
Want this type of news in real-time as it happens? Upgrade to StreetInsider.com Premium Here
