Analyst Sheila Kahyaoglu from Jefferies maintained a Buy rating on Boeing (BA – Research Report) and keeping the price target at $250.00.
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Sheila Kahyaoglu’s rating is based on Boeing’s strong safety record and the widespread adoption of its 787 aircraft. Despite the recent unfortunate incident involving a 787, this is the first fatal accident since the model’s introduction in 2011, highlighting its overall reliability and safety. Boeing has successfully delivered 1,189 units of the 787, which are operated by major airlines worldwide, demonstrating the aircraft’s popularity and trust in its performance.
Furthermore, the 787 is a significant part of the fleets of leading airlines, indicating a strong market presence and continued demand. Air India’s substantial fleet and order book, including a considerable number of Boeing aircraft, further underscores the company’s confidence in Boeing’s offerings. These factors collectively support the Buy rating, reflecting optimism about Boeing’s market position and future prospects.
In another report released today, RBC Capital also maintained a Buy rating on the stock with a $230.00 price target.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BA in relation to earlier this year.