Fuel Efficiency Boosts Demand For Boeing's 737 Aircraft Despite Production Challenges, Analyst Sees Upside
Portfolio Pulse from Nabaparna Bhattacharya
Susquehanna analyst Charles P. Minervino reiterated a positive rating on Boeing (NYSE:BA) with a price target of $260, citing strong demand for fuel-efficient 737 aircraft and long-term growth potential. However, he also mentioned delays in defense contracts and margin risk affecting the Defense, Space & Security segment.
June 22, 2023 | 7:04 pm
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Boeing (NYSE:BA) receives a positive rating from Susquehanna analyst with a price target of $260, citing strong demand for fuel-efficient 737 aircraft and long-term growth potential.
The positive rating and price target of $260 by Susquehanna analyst Charles P. Minervino is based on strong demand for fuel-efficient 737 aircraft and long-term growth potential. This is likely to have a positive short-term impact on Boeing's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100