Analyst Ronald Epstein from Bank of America Securities maintained a Buy rating on Boeing and keeping the price target at $270.00.
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Ronald Epstein’s rating is based on Boeing’s consistent delivery performance and anticipated growth in production. The company has shown a steady pattern of 737 deliveries, with expectations for a significant increase in the third quarter compared to previous quarters. This uptick in deliveries is a positive indicator of Boeing’s operational stability and potential for revenue growth.
Additionally, while there are challenges in reaching a higher production rate, Boeing’s efforts to stabilize production and secure FAA approval are seen as positive steps. The 787 program also shows promise, with expected deliveries surpassing those of the previous quarter and the same period last year. These factors collectively contribute to a favorable outlook for Boeing, justifying the Buy rating.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $255.00 price target.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is neutral on the stock.