Benzinga | Sep 7, 2021 03:06PM EDT

UBS Lowers Boeing's Price Target to $290

* UBS analyst Myles Walton lowered Boeing Co's (NYSE:BA) price target to $290 (implying an upside of 35.3%) from $310 and maintained a Buy rating on the shares.

* Walton says the still halted 787 Dreamliner deliveries prompt further estimate cuts but that "expectations remain bottomed out."

* Recently, European budget airline Ryanair Holdings Plc (NASDAQ:RYAAY) ended talks with Boeing about a potential new order worth billions of dollars for the 737 MAX 10 jets due to differences in pricing.

* Price Action: BA shares are trading lower by 1.69% at $214.49 on the last check Tuesday.