Analysts: Boeing’s Contract Is Still Possible and 3 More Research Notes to Check Out
Boeing Co. (NYSE:BA): Deutsche Bank believes that a contract between Boeing and the Local 751 Union is still possible, even after the union rejected the proposed machinist contract extension through 2024; Deutsche notes that there is a lot of compromise in the proposed contract that Boeing could sign in order to stay in Washington state. The firm has a Buy rating on the stock with a $156 price target.
SolarCity Corp. (NASDAQ:SCTY): RW Baird upgraded SolarCity to Outperform from Neutral following the closure of SolarCity LMC Series i LLC and predicts that investors will react favorably now that expectations are recalibrated; the firm raised its price target on SolarCity shares to $71 from $50.
Lululemon Athletica Inc. (NASDAQ:LULU): Sterne Agee downgraded Lululemon to Underperform from Neutral; the analyst notes that the recent comments by Lululemon’s founder are alienating customers, which, combined with sheer pants problems and an ongoing CEO search, will result in decelerating 2014 same-store-sales trends; the firm lowered its price target on the shares to $56.
UnitedHealth Group Inc. (NYSE:UNH): After conducting a sum of the parts analysis of UnitedHealth, Oppenheimer thinks that the market is undervaluing the company’s Optum businesses; the firm believes the stock can advance 15 percent from current level, and it keeps an Outperform rating on UnitedHealth shares.