TD Cowen analyst Gautam Khanna maintained a Buy rating on Boeing (BA – Research Report) today and set a price target of $230.00.
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Gautam Khanna has given his Buy rating due to a combination of factors that suggest Boeing is on a positive trajectory. One of the key reasons is the anticipated increase in production rates for Boeing’s 737 and 787 aircraft. The 737 production is expected to reach 38 units per month by the third quarter, with the potential for further increases by the end of the year. This increase is supported by a strategic approach that includes deliberate pauses to ensure a smooth and scalable production flow.
Additionally, Boeing’s ability to deliver aircraft to Chinese airlines during the ongoing tariff negotiations is a positive indicator, as China represents a significant portion of Boeing’s backlog. The company has also demonstrated flexibility in re-marketing aircraft intended for China to other regions, mitigating potential risks. Furthermore, the forecasted increase in free cash flow and the adjusted price target reflect confidence in Boeing’s financial outlook, contributing to the Buy rating.
According to TipRanks, Khanna is a top 25 analyst with an average return of 16.8% and a 72.75% success rate. Khanna covers the Industrials sector, focusing on stocks such as Boeing, Hexcel, and Howmet Aerospace.
In another report released yesterday, UBS also maintained a Buy rating on the stock with a $226.00 price target.