Ronald Epstein, an analyst from Bank of America Securities, maintained the Buy rating on Boeing. The associated price target remains the same with $260.00.
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Ronald Epstein has given his Buy rating due to a combination of factors, including Boeing’s solid production and delivery outlook. The company has shown a consistent pattern where deliveries start slow and pick up pace later in the month, with expectations of at least 30 units of the 737 model being delivered in July. This steady delivery rate is supported by increased activities in China, which have already led to several deliveries and are expected to continue positively.
Additionally, Boeing’s production remains stable, with the 737 MAX production rate holding firm despite seasonal slowdowns typically seen in July and August. The 787 program also demonstrates strength, with strong delivery numbers and a production plan aligning with Boeing’s transition goals. These factors, combined with a price objective of $260.00 USD, support the Buy rating given by Epstein.
In another report released today, Barclays also maintained a Buy rating on the stock with a $210.00 price target.