Bernstein raised the firm’s price target on Boeing (BA) to $282 from $249 and keeps an Outperform rating on the shares ahead of quarterly results. The firm has added confidence in the ramps after discussions at the Paris Air Show and its Strategic Decisions Conference. Bernstein raises its outlook for Boeing Defense, Space & Security Systems and for Boeing Global Services. Preliminary findings on the Air India crash are positive for Boeing, with no indication of issues related to the 787 itself.
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Read More on BA:
- Positive Outlook for Boeing: Increased Production Rates and Strong Defense Funding Support Buy Rating
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- Boeing higher after India crash report shows fuel supply cut off
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- Air India probe focuses on pilots’ actions, not on Dreamliner, WSJ says