Trump post may signal China orders for Boeing, says Jefferies

Jefferies keeps a Buy rating on Boeing (BA) with a $295 price target saying President Trump wrote on social media about positive phone call with China President Xi ahead of his trip in April. The post directly mentions aircraft and engines, which could be a signal for China’s first Boeing 737 orders since 2017, the analyst tells investors in a research note. Jefferies points out that China accounted for 21% of Boeing’s deliveries from 2010-2019.