Boeing price target raised to $220 from $200 at Credit Suisse

Credit Suisse analyst Scott Deuschle raised the firm’s price target on Boeing to $220 from $200 and keeps a Neutral rating on the shares. The firm expects Boeing’s Q1 sales, adjusted EPS and segment EBIT to come in below the Street, primarily due to lower widebody profitability at BCA and the KC-46 charge at BDS, the analyst tells investors in a research note. The firm expects Boeing to reiterate guidance, but also thinks management likely formalizes timing on the 737 rate break to 38/months alongside the print.