Boeing price target lowered to $260 from $270 at Stifel

Stifel analyst Bert Subin lowered the firm’s price target on Boeing to $260 from $270 and keeps a Buy rating on the shares. Boeing’s March deliveries were a bit light, which was not surprising given everything that’s been going on to start 2024, the analyst tells investors in a research note. MAX deliveries were close to expectations, but 787s were a little disappointing, but Stifel expects to see that story improve through the year as the company is producing at ~5/month with likely 40+ still in inventory.