Citi analyst Jason Gursky maintained a Buy rating on Boeing (BA – Research Report) yesterday and set a price target of $220.00.
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Jason Gursky has given his Buy rating due to a combination of factors, including the recent leadership change at Boeing with the appointment of Jesus “Jay” Malave as the new CFO. Malave’s previous experience and positive investor perception are expected to align well with CEO Kelly Ortberg’s strategic vision for the company. The history of collaboration between Ortberg and Malave during the Collins Aerospace merger suggests a strong working relationship that could drive Boeing’s recovery and growth.
Additionally, the anticipated share price return of 5.0% further supports the Buy rating, indicating potential for positive financial performance. Gursky’s analysis suggests confidence in Boeing’s ability to stabilize and improve its operations under the new leadership, making it an attractive investment opportunity.
Gursky covers the Industrials sector, focusing on stocks such as Karman Holdings Inc., Boeing, and Curtiss-Wright. According to TipRanks, Gursky has an average return of 27.9% and a 73.05% success rate on recommended stocks.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $210.00 price target.