Bank of America Securities analyst Ronald Epstein has maintained their bullish stance on BA stock, giving a Buy rating today.
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Ronald Epstein has given his Buy rating due to a combination of factors, including Boeing’s strong production and delivery performance and the positive momentum in order agreements. Boeing’s 737 deliveries are expected to reach a high mark for August, potentially the best since 2018, indicating a robust production capability even during typical seasonal slowdowns.
Additionally, significant order agreements with Korea and China are anticipated to bolster Boeing’s order book, reflecting a sustained demand for its aircraft. The company’s confidence in increasing production rates, pending FAA approval, further supports the positive outlook. Boeing’s 787 program also shows stability in both production and deliveries, aligning with the company’s targets. These factors collectively underpin Epstein’s confidence in Boeing’s future performance, justifying the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $255.00 price target.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral on the stock.