Boeing price target lowered to $215 from $250 at Benchmark

Benchmark lowered the firm’s price target on Boeing (BA) to $215 from $250 and keeps a Buy rating on the shares. FY25 was supposed to be Boeing’s “year of re-establishment as a global corporate power,” but the FAA has yet to lift the 737-MAX 38/month cap, China is refusing deliveries, supply chain issues continue to emerge from engine supply to a fire at a major fastener supplier and tariffs add to market uncertainty for aircraft customers, complicating purchase decisions and long-term planning, the analyst tells investors in a preview. However, and “most importantly,” the long-term the cycle remains intact for the duopoly between Boeing and Airbus, the analyst added.