Barclays analyst David Strauss tells investors in a research note that Boeing has delivered 11 MAX aircraft so far in May, consisting of a mix of aircraft that were produced prior to the grounding being lifted in late 2020 along with aircraft that have been produced since then. The firm estimates 27 MAX deliveries so far in Q2 and that 105 of the MAX aircraft that are still in inventory are aircraft that have been in storage since the grounding. Barclays, which made no change to its Equal Weight rating or $190 price target on Boeing, says its methodology implies that the MAX production rate has improved to 24 per month from 7 per month in late March.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BA:
- Supply Troubles Are Hitting Boeing (NYSE:BA) Harder than Usual
- RBC Bearings price target raised to $328 from $309 at Truist
- China Sanctions Boeing (NYSE:BA) and Defense Giants Over Taiwan Arms Sales
- Boeing Stock Could Surprise You – If It Keeps Building Planes This Fast, Says Deutsche Bank
- Dave Calhoun Voted onto Boeing’s (NYSE:BA) Board, Shares Notch Up