Boeing’s near-term setup is positive, says RBC Capital

RBC Capital analyst Ken Herbert keeps a Sector Perform rating and $220 price target on Boeing (BA) after meeting with its VP of Marketing Darren Hulst at the Paris airshow. The conversation focused on the competitive position for the Boeing portfolio relative to Airbus (EADSY), the outlook for China, the MAX supply chain, as well as the broader outlook for orders, and the near-term set up for the company looks positive as it has provided a “conservative” 2023 guide, the analyst tells investors in a research note.