Barclays analyst David E. Strauss upgrades $Boeing (BA.US)$ to a buy rating, and adjusts the target price from $190 to $210.
According to TipRanks data, the analyst has a success rate of 57.3% and a total average return of 6.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Boeing (BA.US)$'s main analysts recently are as follows:
Boeing has strengthened its balance sheet, alleviating previous concerns, while its free cash flow trajectory has become more reasonable. New leadership at Boeing is seen as capable of driving essential transformations, particularly as the company positions itself to successfully increase MAX production. The potential for stock value increase is now primarily dependent on Boeing's ability to maintain a positive trajectory for production and deliveries expected around 2025.
The outlook for Defense and IT services revenue appears balanced but lacks positive catalysts, according to an analyst's 2025 forecast for the Aerospace and Defense Electronics group. The preference for Commercial Aero remains unchanged entering 2024, with a specific focus on names heavily involved in the 2025 aftermarket.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
