Analyst Seth Seifman from J.P. Morgan maintained a Buy rating on Boeing and keeping the price target at $251.00.
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Seth Seifman has given his Buy rating due to a combination of factors that highlight Boeing’s potential for growth and financial improvement. The company is making steady progress in increasing production rates for its 737 and 787 aircraft, with plans to further boost these rates in the future. This increase in production is expected to enhance Boeing’s cash flow and financial health, as strong demand and solid pricing for aircraft continue to support the company’s operations.
Additionally, Boeing’s efforts to restructure its defense programs and improve its company culture are seen as positive steps towards stabilizing its business. The company’s position as a leading US manufacturing exporter benefits from favorable trade policies, which have helped secure new aircraft orders. Furthermore, Boeing’s ongoing work on the 777X and MAX series, along with its strategic inventory management, positions the company well to meet future demand and navigate supply chain challenges effectively.
In another report released today, Barclays also maintained a Buy rating on the stock with a $255.00 price target.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral on the stock.