After The Wall Street Journal reported Boeing (BA) has made an internal shift to re-emphasize development of the next-gen single aisle jet and said that CEO Kelly Ortberg met with Rolls-Royce (RYCEY) to be “pitched” potential engine technology for the NGSA, Jefferies said the firm believes the company is likely more immediately focused on driving productivity and rate increases, coupled with the ongoing 777X development to help restore the balance sheet. The firm, which thinks the timeline on the NGSA remains 2035-plus as Boeing restores free cash flow to fund it, has a Buy rating and $255 price target on Boeing shares.
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