Analyst Ronald Epstein of Bank of America Securities maintained a Hold rating on Boeing (BA – Research Report), retaining the price target of $185.00.
Ronald Epstein has given his Hold rating due to a combination of factors related to Boeing’s current delivery and production performance. The delivery of 737 aircraft has not met earlier expectations, with March deliveries projected to be similar to February’s 32 units, which is below the anticipated 40 units. This suggests a shift in Boeing’s approach towards a more consistent production ramp-up rather than the usual end-of-quarter surge.
In addition, the 787 program has shown moderate progress, with only a few deliveries completed this month and expectations to slightly exceed February’s numbers. While production rollouts have been steady, they have not reached the levels seen in previous months. These factors, along with the current stock price being close to the price objective, support the Hold rating, indicating that the stock is fairly valued at present.
Epstein covers the Industrials sector, focusing on stocks such as Boeing, Embraer SA, and Rocket Lab USA. According to TipRanks, Epstein has an average return of 12.3% and a 60.81% success rate on recommended stocks.
In another report released on March 25, Bernstein also reiterated a Hold rating on the stock with a $179.00 price target.