Boeing price target raised to $270 from $245 at JPMorgan

JPMorgan raised the firm’s price target on Boeing (BA) to $270 from $245 and keeps an Overweight rating on the shares. The company’s earnings report “was the bridge to normalized cash flow” in 2026 and the path to high single digits, which is encouraging, the analyst tells investors in a research note. The firm says Boeing will see growth from higher production rates, so getting its free cash flow to solidly above $10B is not a stretch. However, it will take a few years of “grinding away on execution to unlock all of this potential,” contends the firm.