Bank of America Securities analyst Ronald Epstein has maintained their neutral stance on BA stock, giving a Hold rating on March 14.
Ronald Epstein has given his Hold rating due to a combination of factors impacting Boeing’s current and future performance. The anticipated increase in 737 deliveries by the end of March suggests a positive momentum, yet production levels are expected to remain steady in the low to mid-twenties, reflecting a cautious outlook. Additionally, the uncertainty surrounding the SPS technologies’ fire could have long-term effects on production, despite Boeing’s current inventory levels mitigating immediate impacts.
For the 787 program, while an uptick in deliveries is anticipated, production rates are expected to hold steady. The recent FAA directive for inspections on the forward pressure bulkhead, although not a new issue, adds another layer of operational complexity. Given these mixed signals, Epstein maintains a Hold rating, indicating a balanced view between potential growth and existing challenges.
According to TipRanks, Epstein is a 5-star analyst with an average return of 12.8% and a 61.22% success rate. Epstein covers the Industrials sector, focusing on stocks such as Boeing, Embraer SA, and Rocket Lab USA.
In another report released on March 14, Bernstein also reiterated a Hold rating on the stock with a $179.00 price target.