Boeing price target lowered to $270 from $306 at Susquehanna

Susquehanna analyst Charles Minervino lowered the firm’s price target on Boeing to $270 from $306 and keeps a Positive rating on the shares. The firm said the most encouraging data points for the commercial aerospace segment are improving December 737 & 787 Boeing aircraft deliveries, coupled with strong order activity to finish the year. While the fallout from the recent MAX 9 cabin blowout on Alaska Airlines flight 1282 does create a near-term overhang, they nonetheless expect 2024 to be a year focused on execution.