Morgan Stanley cut its Boeing stock target from $250 to $225 on October 16, 2026, while keeping its “Buy” rating. The 10% reduction came as analyst Kristine Liwag said demand remained intact across commercial aerospace and defense, despite softer sentiment.
Key takeaways
Morgan Stanley reduced its target without changing its Buy recommendation.
RBC Capital and Bernstein also lowered their Boeing forecasts.
Boeing’s third-quarter results are scheduled for October 27, 2026.
Morgan Stanley lowers its Boeing stock target
Liwag remained positive on aerospace and defense heading into third-quarter earnings, even as she lowered her Boeing forecast. Her assessment distinguished softer sentiment from demand, which she said continued to hold up in both markets.
A day before the Society of Professional Engineering Employees in Aerospace (SPEEA) labor vote on October 1, Morgan Stanley had already restated its $250 target. The October 16 adjustment replaced that forecast with a $225 target.
Boeing shares trail their earlier levels
Boeing shares stood at $191 at publication time, down nearly 6% over the month and 16% year-to-date. The stock trades on the NYSE under the ticker BA.
The target revision precedes Boeing’s third-quarter earnings report, scheduled for October 27, 2026.
RBC and Bernstein cut targets as Barclays starts coverage
RBC Capital and Bernstein also reduced their Boeing price targets, citing defense-budget and operational concerns, respectively. Barclays analyst Anthony Valentini began coverage with a higher forecast than the other targets cited.
RBC Capital moved its target from $265 to $235, pointing to uncertainty surrounding the defense budget.
Bernstein lowered its forecast from $298 to $278 on October 12, citing continuing labor, certification and production issues.
Barclays’ Boeing stock target was $300 when Valentini initiated coverage, compared with Morgan Stanley’s revised $225 forecast.
US Air Force selects Boeing for F-47 development
The US Air Force selected Boeing to develop the F-47, a next-generation fighter. The selection adds a defense-development program to the developments surrounding the company’s analyst assessments.
The F-47 is intended to succeed the F-22 Raptor.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.