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Boeing price target raised to $230 from $200 at RBC Capital

RBC Capital raised the firm’s price target on Boeing (BA) to $230 from $200 and keeps an Outperform rating on the shares. The sentiment on the stock remains strong heading into the company’s annual airshow event, and while much of the recent improvement in sentiment is reflected in the stock, investor confidence in the $10B-$12B in 2027-2028 free cash flow should provide support for Boeing shares, the analyst tells investors in a research note. The supply chain’s ability to support higher production rates remains the key risk for Boeing, but the move to produce 42 aircraft per month on the MAX is supported by the elevated inventory levels, the firm added.

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