Boeing under $200 brings attractive entry point, says Wolfe Research

Wolfe Research analyst Myles Walton says the selloff in Boeing shares on the news of a charge on the 767 freighter/tanker was overblown. Boeing shares under $200 represent an attractive entry point as the path to $10B-plus of free cash flow in 2025/2026 "becomes more clear with rate ramps and improved execution," the analyst tells investors in a research note. As the company’s production rates ramp and execution improves, the investor base confidence will also grow, contends Wolfe. It keeps an Outperform rating on the shares with a $220 price target.