Boeing can still meet delivery target despite halt, says JPMorgan

JPMorgan says last night’s news that Boeing is halting 787 deliveries until the Federal Aviation Administration approves some new documentation gave the firm "an unpleasant sense of deja vu" after deliveries were halted from May 2021 to August 2022. While this news is unlikely to affect production, it does push out some deliveries, "though hopefully for only a brief period," the analyst tells investors in a research note. The firm believes Boeing can produce the required documentation fairly quickly, the FAA approval need not take months, and that this should not result in additional rework. It still thinks Boeing has the potential to meet its 787 delivery target for 2023. The firm keeps an Overweight rating on the shares with a $225 price target.