Boeing upgraded to Outperform from Market Perform at Bernstein

Bernstein upgraded Boeing (BA) to Outperform from Market Perform with a price target of $218, up from $181. Boeing is now “making the progress it needed for the growth trajectory” expected before the Alaska door plug accident in January 2024, the analyst tells investors in a research note. The firm believes that after high Federal Aviation Administration scrutiny, Boeing Commercial Airplanes “should be on a much firmer path than in 2023.” Bernstein points out the company’s new 787 guidance was above our expectations, as it is expected to move to seven per month before year-end, with quality and heat exchanger supply issues resolved.