Boeing price target raised to $235 from $220 at Morgan Stanley

Morgan Stanley analyst Kristine Liwag raised the firm’s price target on Boeing to $235 from $220 and keeps an Equal Weight rating on the shares. While the firm acknowledges Boeing’s “tactical trade higher on positive momentum and improved sentiment,” it continues to view the stock as a “show me” story as it believes “the market currently appears to largely be pricing in near full value” to Boeing’s ability to meet its 2025/2026 targets of $10B in free cash flow with 737 MAX production of 50 per month and 787 production of 10 per month.