Vertical Research analyst Robert Stallard upgraded Boeing (BA) to Buy from Hold with a price target of $270, up from $242. With the aerospace upcycle intact but shifting into “a mid-cycle environment,” Vertical sees room to take a “more balanced aero aftermarket vs OEM stance,” the analyst tells investors. With improving company specific metrics and cultural shifts under CEO Kelly Ortberg, the firm reports that “improvement has also been noted by customers and suppliers, with a number now commenting that they have much more faith in Boeing actually delivering on its projections,” the analyst added.
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