Gautam Khanna, an analyst from TD Cowen, maintained the Buy rating on Boeing (BA – Research Report). The associated price target was raised to $200.00.
Gautam Khanna has given his Buy rating due to a combination of factors that highlight Boeing’s strategic position and potential for growth. Despite the potential risk of retaliatory tariffs from the EU, Boeing’s substantial backlog of aircraft orders provides a solid foundation for future revenue. The company’s expected deliveries to European airlines remain significant, with a notable number of 737 MAX aircraft scheduled for delivery, indicating strong demand in the region.
Moreover, Boeing’s global reach and diversified customer base help mitigate regional risks, such as those posed by potential tariffs. The company’s ability to backfill orders, particularly in the Chinese market, showcases its operational flexibility and resilience. These factors, combined with Boeing’s robust order book and strategic initiatives, underpin Khanna’s confidence in the stock’s long-term performance, justifying the Buy rating.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $200.00 price target.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BA in relation to earlier this year.