Analyst Sheila Kahyaoglu from Jefferies maintained a Buy rating on Boeing (BA – Research Report) and increased the price target to $250.00 from $230.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Sheila Kahyaoglu has given her Buy rating due to a combination of factors including Boeing’s consistent delivery numbers and production improvements. The company has maintained a steady pace with 45 aircraft deliveries in May, matching April’s figures and showing a slight increase from the first quarter’s average. This stability in deliveries, particularly with the 737 MAX and wide-body aircraft, indicates a solid production trajectory.
Moreover, Boeing’s strategic repositioning of its inventory for the Chinese market and the anticipated restart of deliveries to China are positive indicators for future growth. The company’s plans to incrementally increase production rates and its progress in wide-body aircraft deliveries further support the optimistic outlook. These factors collectively contribute to the confidence in Boeing’s ability to meet its production targets and enhance shareholder value, justifying the Buy rating.
According to TipRanks, Kahyaoglu is a 5-star analyst with an average return of 12.7% and a 62.48% success rate. Kahyaoglu covers the Industrials sector, focusing on stocks such as Boeing, Southwest Airlines, and American Airlines.
In another report released on June 2, Barclays also maintained a Buy rating on the stock with a $210.00 price target.
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue