Boeing leadership shakeup a step toward actionable change, says Stifel

Stifel analyst Bert Subin tells investors in a research note that Boeing’s (BA) management changes are in line with expectations, but thinks the reaction will be positive as it is another step toward actionable change following the announcement Boeing may seek to reabsorb supplier Spirit AeroSystems (SPR). The combination could help Boeing get back on track toward normalizing production and steps toward normalization have the ability to drive share price upside near-term, says Stifel. The firm made no change to its Buy rating or $270 price target on Boeing shares.