Analyst Sheila Kahyaoglu of Jefferies maintained a Buy rating on Boeing, retaining the price target of $255.00.
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Sheila Kahyaoglu’s rating is based on several factors that highlight Boeing’s potential for growth and recovery despite current challenges. One of the key reasons for the Buy rating is the improvement in Boeing Defense, Space & Security (BDS) margins, which have shown a significant turnaround from previous losses. The absence of new charges has contributed to this positive margin development, indicating better financial management and operational efficiency.
Additionally, Boeing’s ability to manage and provision for delays in major projects, such as the Air Force One program, suggests a level of resilience and strategic foresight. The company has also demonstrated progress in its production capabilities, with an increase in the number of units delivered compared to the previous year. These factors, combined with Boeing’s efforts to stabilize and enhance its core business operations, support the optimistic outlook reflected in the Buy rating.
According to TipRanks, Kahyaoglu is a 5-star analyst with an average return of 13.6% and a 64.52% success rate. Kahyaoglu covers the Industrials sector, focusing on stocks such as Boeing, Transdigm Group, and FTAI Aviation.
In another report released on December 12, Citi also initiated coverage with a Buy rating on the stock with a $265.00 price target.