BofA Securities analysts expressed their confidence in Boeing (NYSE:BA), raising the price target for the company’s stock from $250 to $275 while maintaining a Buy rating.

The investment bank’s analysts base their positive outlook on Boeing’s advancements toward meeting its annual delivery goals for both the 737 and 787 models. Referring to AeroAnalysis data, BofA highlighted Boeing’s proximity to achieving the lower end of its full-year target of 375-400 deliveries for the 737 model.

With 23 deliveries completed since the beginning of December and only one more needed, Boeing is close to hitting its target. Additionally, BofA anticipates Boeing might return to a production rate of 31 aircraft per month later in December, noting that 16-17 737s have already been produced this month.

Furthermore, the 787 program is also on track, needing just four more deliveries to meet the annual target of 70-80 aircraft. BofA observed that with ten 787s currently in production test flights, Boeing is well-positioned to achieve its 2023 goal for this model. Other December deliveries included one 767 and two 777s.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

× ¿Cómo puedo ayudarte?