Goldman Sachs analyst Noah Poponak keeps a Buy rating and $212 price target on Boeing (BA) after the company reported 303 gross new aircraft orders, 3 outright cancellations, and 45 positive ASC 606 adjustments for the month of May. May is now the 5th consecutive month of above-40 aircraft deliveries, including a higher underlying MAX production rate, indicating that product quality improvements and production ramp efforts continue to hold, and the firm believes that Boeing remains on track to its stated 2025 production goals, the analyst tells investors in a research note.
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