Analyst Ronald Epstein of Bank of America Securities maintained a Hold rating on Boeing (BA – Research Report), retaining the price target of $185.00.
Ronald Epstein’s rating is based on a combination of factors impacting Boeing’s current and future performance. The company has shown progress in its 737 production and delivery rates, with expectations to meet targets for the month. However, concerns about the Federal Aviation Administration (FAA) layoffs pose a risk to the certification processes, potentially affecting future deliveries and production efficiency.
Additionally, while the 787 program has seen an uptick in production, deliveries remain slow due to ongoing issues such as heat exchangers and window transparencies. These challenges, coupled with the regulatory uncertainties and potential inefficiencies, contribute to the Hold rating, as they could hinder Boeing’s ability to achieve its full-year delivery targets.
Epstein covers the Industrials sector, focusing on stocks such as Boeing, Embraer SA, and GE Aerospace. According to TipRanks, Epstein has an average return of 12.4% and a 58.33% success rate on recommended stocks.