Analysts: Buy Boeing On Higher Forecasts and 3 More Research Notes to Look Into
Boeing (NYSE:BA): In reflection of Boeing’s higher delivery forecasts for its staple 737 jet and the new 787 Dreamliner, Bank of America/Merrill Lynch has raised its price target, from $100 to $120, and keeps a Buy rating on the shares.
Akamai (NASDAQ:AKAM): Due to strong volume momentum in its underlying business and cost structure improvements, Canaccord has raised its price target on the company from $46 to $51. The firm believes Akamai’s strong growth is sustainable and that there is an upward bias to estimates, and rates the shares at Buy.
Allscripts (NASDAQ:MDRX): Raymond James has initiated a downgrade to Allscripts, citing valuation concerns, high consensus expectations, and potential accounting charges that could lead to more messy quarters. It now rates the shares at Outperform from Strong Buy, and a price target of $16.
Starwood Hotels (NYSE:HOT): Citing relative valuation, accelerating capital returns, solid fundamentals, and owned hotel sales opportunities, Bank of America/Merrill Lynch has upgraded shares of Starwood, from Neutral to Buy, as well as raised the price target from $70 to $84.