Sheila Kahyaoglu, an analyst from Jefferies, maintained the Buy rating on Boeing (BA – Research Report). The associated price target remains the same with $220.00.
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Sheila Kahyaoglu’s rating is based on several key developments and expectations surrounding Boeing’s operations. Firstly, Boeing’s delivery performance in February, although lower than January, shows a steady output with 17 MAX aircraft and several wide-body planes delivered mid-month. This indicates a consistent production capability despite challenges. Additionally, the confidence expressed by Safran’s CEO in Boeing’s ability to increase production rates to 38 per month in the first half of 2025 and 42 by the end of the year suggests a positive outlook for Boeing’s manufacturing efficiency.
Furthermore, while the fire at the SPS Technologies facility poses a supply chain challenge, Boeing’s statement that a large shipment remains unaffected provides some reassurance regarding continuity in production. The involvement of high-profile figures like Elon Musk in advising on the Air Force One project, despite delays, also highlights Boeing’s strategic engagements and potential for future contracts. These factors combined contribute to Sheila Kahyaoglu’s Buy rating for Boeing, reflecting optimism in its operational resilience and future growth prospects.
In another report released on February 18, Barclays also maintained a Buy rating on the stock with a $210.00 price target.