Jefferies raised the firm’s price target on Boeing (BA) to $250 from $230 and keeps a Buy rating on the shares. The firm notes May Deliveries stand at 45, which are in line with the 45 in April and up slightly from the 43/month average from January to March. Jefferies also points out that May MAX rollouts of 38+ compared to 33 in April and 25 in March. This likely included some completed aircraft from April that rolled out in May. WBs continue to show the biggest improvement with 14 deliveries, it adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BA:
- China considers ordering hundreds of Airbus jets over Boeing, Bloomberg reports
- ‘Get Ready for Takeoff,’ Says Bernstein About Boeing Stock
- Crises, Product Issues Send Boeing (NYSE:BA) to Number Two
- Boeing’s Growth Potential and Stability: Analyst Recommends Buy Rating
- Boeing Stock Wins a New Street-High Price Target
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue