Citi analysts maintained their Buy rating and a price target of $271.00 for Boeing (NYSE:BA), seeing the recent decline in its stock price as an opportunity for investors.
The analysts’ commentary highlighted that, despite recent share price drops, Boeing’s long-term prospects remain promising. They pointed out that factors like increasing production rates, enhanced cash flow, and a more stable financial structure are expected.
Citi anticipates growing investor confidence towards the end of the year, particularly regarding the 737’s delivery prospects. This confidence is based on Boeing’s progress in addressing rework challenges with its stockpiled aircraft and clearer expectations for deliveries to Chinese airlines.