Analyst Sheila Kahyaoglu from Jefferies maintained a Buy rating on Boeing and keeping the price target at $255.00.
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Sheila Kahyaoglu’s rating is based on a combination of factors that highlight Boeing’s strategic focus and potential for future growth. Boeing is currently emphasizing productivity improvements and increasing production rates, particularly in its defense and space sectors, which are expected to strengthen its financial position. Additionally, the ongoing development of the 777X aircraft is seen as a positive step towards enhancing Boeing’s balance sheet.
Furthermore, Boeing’s long-term plans include the development of a next-generation single-aisle aircraft, with a projected timeline extending beyond 2035. This initiative is expected to incorporate advanced engine technologies and airframe optimizations, aiming for significant improvements in fuel efficiency and manufacturing costs. The company’s financial strategy, including managing its debt and cash flow, positions it well to undertake these ambitious projects, supporting the Buy rating.
In another report released today, UBS also maintained a Buy rating on the stock with a $280.00 price target.