Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on Boeing to $275 from $250 and keeps a Buy rating on the shares. Boeing’s Q2 results were highlighted by free cash flow given strong demand and “the next leg up is execution,” the analyst tells investors. The key is increasing production for higher deliveries, as MAX deliveries rising to 577 and 713 in 2023 and 2024, respectively, can support free cash flow increasing to $4.1B and $6.7B in 2023 and 2024, respectively, the analyst added.
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