Morgan Stanley sets Boeing stock price target

Morgan Stanley adjusted its Boeing (NYSE: BA ) stock price target by 10% on October 16, cutting it down from $250 to $225 while maintaining a positive “Buy” rating on the aviation company. Previously, Morgan Stanley doubled down on the $250 price target a day ahead of the Society of Professional Engineering Employees in Aerospace (SPEEA) labor vote on October 1, which the bank called “a potential tactical buying opportunity.” Analyst Kristine Liwag now lowers the forecast but notes that despite softer sentiment, demand is still intact across both commercial aerospace and defense. In addition, she notes that the team remains bullish on aerospace and defense heading into Q3 earnings.

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