Ronald Epstein, an analyst from Bank of America Securities, maintained the Hold rating on Boeing (BA – Research Report). The associated price target remains the same with $185.00.
Ronald Epstein’s rating is based on Boeing’s mixed performance in its key aircraft programs. The 737 program showed consistent progress with solid first-quarter deliveries, slightly surpassing February’s numbers but not meeting the higher estimates due to delivery pauses. This steady performance, despite the challenges, reflects a recovery from previous disruptions like the strike in the fourth quarter of 2024.
On the other hand, the 787 program did not meet delivery expectations for March, although there is an anticipation of increased deliveries in April as Boeing plans to catch up on delayed units. Production rates for both the 737 and 787 programs showed improvement, but there are still substantial challenges ahead. Given these factors, Epstein maintains a Hold rating, reflecting cautious optimism about Boeing’s ability to meet its production targets while acknowledging the hurdles it faces.
In another report released on March 25, Bernstein also reiterated a Hold rating on the stock with a $179.00 price target.
Based on the recent corporate insider activity of 33 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.