Boeing (BA – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Josh Sullivan from Benchmark Co. reiterated a Buy rating on the stock and has a $215.00 price target.
Josh Sullivan’s rating is based on a combination of factors that highlight both the challenges and opportunities facing Boeing. Despite current disruptions such as tariff complexities, FAA restrictions, and supply chain issues, Sullivan emphasizes that the long-term market cycle remains favorable for Boeing. The company is still ramping up production, which suggests that demand is strong enough to support growth once these short-term issues are resolved.
Furthermore, Sullivan points out that Boeing’s ability to adjust geographic delivery preferences can help mitigate some of the immediate impacts of tariffs. The focus on free cash flow (FCF) is another critical factor, as Boeing aims for a $10 billion target, which, although delayed, underscores the company’s financial resilience. Sullivan’s optimism about Boeing’s long-term prospects, despite the current challenges, leads to the Buy rating, with an adjusted price target reflecting these considerations.
In another report released today, Barclays also maintained a Buy rating on the stock with a $210.00 price target.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BA in relation to earlier this year.