PPA - Boeing Faces Delivery Downturn But Analyst Sees Bright Spots In Orders | Benzinga
Stifel analyst Bert W. Subin lowered the price target on The Boeing Company (NYSE:BA) shares to $260 from $270 and maintained a Buy rating.
The price target reduction came after the company reported lower deliveries.
Yesterday, Boeing declared it delivered 83 commercial aircraft for the quarter, significantly lower than 130 in the year-ago period.
Subin says Boeing posted 29 deliveries split between MAXs (24) and 787s (5) in March, and both were touch light for the month, which was not surprising given everything that’s been going on to start 2024.
The deliveries to China and India were strong in the month at 12, ...