RBC Capital keeps an Outperform rating and $250 price target on Boeing (BA), saying that last week’s FAA statement to begin issuing airworthiness certificates for the 737 MAX and 787 is a positive statement and supports investor confidence that the company is well positioned to hit rate 42/month on the MAX in Q4. The firm is adjusting its model with reduced earnings to reflect the expected 777X charge and subsequent 2026-2027 free cash flow impact, but also notes that the company’s fundamentals “remain strong”.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BA:
- Pentagon urging missile suppliers to boost production rates, WSJ says
- Positive Developments and Increased Production Capacity Boost Boeing’s Buy Rating
- Lockheed and Boeing Rise as Trump’s Ukraine Policy Sparks Defense Rally
- US Cuts Massive Deals with Defense Companies Ahead of Hegseth Meeting: NOC; BA; LMT; GD; LHX; RTX; HII
- Boeing awarded $125.58M Army contract modification