Boeing price target raised to $217 from $208 at UBS

UBS analyst Gavin Parsons raised the firm’s price target on Boeing (BA) to $217 from $208 and keeps a Buy rating on the shares. Boeing provided lots of color on the earnings call, including production rate targets and framing the free cash flow usage for 2025, the analyst tells investors. The firm is modeling $12B in free cash flow for 2027. The firm does not expect Boeing’s turnaround, still in the early stages, to be linear, but the company is off to a strong start, particularly on the crucial MAX program.