Boeing soft September deliveries were expected, says Susquehanna

Susquehanna said Boeing’s September deliveries were expectedly weak, pressured by the aft pressure bulkhead rework. Even so, strong deliveries for the 787 program (10) as well as total gross order volumes (224) were bright spots for the month and encourage them that demand across Boeing’s Commercial portfolio remains robust. Ssuquehanna maintains its Positive rating and $270 price target on Boeing shares.