Boeing (BA – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Ronald Epstein from Bank of America Securities maintained a Hold rating on the stock and has a $185.00 price target.
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Ronald Epstein’s rating is based on several factors impacting Boeing’s current performance. The company has experienced a slower start in February compared to a strong January in terms of 737 deliveries, with only a few delivered and no new rollouts identified, suggesting a focus on reducing inventory before increasing production.
Similarly, the 787 program is facing challenges, including a recent airworthiness directive from the FAA due to window issues, resulting in a slow pace of deliveries and rollouts. These production and delivery hurdles are key reasons for maintaining a Hold rating on Boeing’s stock, with the price objective closely aligned with its current market price.
In another report released on January 30, Bernstein also assigned a Hold rating to the stock with a $179.00 price target.