Boeing (BA – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Sheila Kahyaoglu from Jefferies maintained a Buy rating on the stock and has a $220.00 price target.
Sheila Kahyaoglu has given her Buy rating due to a combination of factors that highlight Boeing’s strong financial position and growth potential. One of the key reasons is the significant increase in Boeing’s commercial aircraft revenues, particularly in the US and Asia, which saw substantial year-over-year growth. This growth is supported by a robust backlog that provides 81% coverage through 2026, indicating a steady stream of future revenue.
Additionally, Boeing’s financial health is bolstered by a reduction in 737 MAX concessions and a notable inflow of cash advances, reflecting strong customer demand and improved operational efficiencies. The absence of new financial program charges in the defense segment further strengthens Boeing’s profitability outlook. These factors collectively suggest a positive trajectory for Boeing, justifying the Buy rating.
In another report released today, DBS also maintained a Buy rating on the stock with a $240.00 price target.
BA’s price has also changed slightly for the past six months – from $157.060 to $172.370, which is a 9.75% increase.