Boeing price target raised to $268 from $253 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Boeing to $268 from $253 and keeps a Buy rating on the shares. The company needs to fix its product quality control challenges, which they should be able to do, and once they can deliver airplanes to the many customers that want them, to specification, Boeing’s earnings and cash flow growth opportunity is significant, the analyst tells investors in a research note. The firm adds that the company’s latest Q4 results saw free cash flow ahead of expectations, demonstrating what Boeing can do when deliveries are higher and defense has cash flow.