Boeing price target raised to $250 from $240 at Jefferies

Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on Boeing to $250 from $240 and keeps a Buy rating on the shares. Commercial profitability "remains elusive," but 2023 could bring a positive inflection for this measure and for free cash flow based on strong demand, the analyst tells investors in a post-earnings research note. The firm’s forecasts deliveries to rise to 561 and 713 in 2023 and 2024, respectively, from 480 in 2022, which supports increasing free cash flow.