Citi raised the firm’s price target on Boeing to $315 from $271 and keeps a Buy rating on the shares as the firm rolls the cash flow estimate used in its valuation methodology from 2025 to 2026. Defense growth and margins are likely to accelerate into 2024 and 2025 and the firm see more growth ahead for Commercial aerospace, the analyst tells investors in a North America Aerospace & Defense 2024 outlook note.
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