Boeing Sees Solid June Deliveries, Boosting Confidence in Production Recovery - Analysts Optimistic
Portfolio Pulse from Anusuya Lahiri
Boeing Co (NYSE:BA) reported strong June 2023 aircraft deliveries, signaling a substantial rebound from previous production issues. Analysts from Susquehanna, RBC Capital, and Morgan Stanley have reiterated their ratings on the company, with price targets ranging from $220 to $260. However, continued supply chain disruptions and aircraft rework could limit Boeing's ability to raise its delivery outlook. For 1H23, Airbus SE (OTC:EADSF) leads the duopoly with 1,080 orders and 316 deliveries, while Boeing has posted 527 orders and 266 deliveries.
July 12, 2023 | 5:34 pm
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POSITIVE IMPACT
Boeing's strong June 2023 aircraft deliveries signal a substantial rebound from previous production issues. However, supply chain disruptions and aircraft rework could limit its ability to raise its delivery outlook.
The strong June deliveries indicate a positive trend for Boeing, which could boost investor confidence and potentially drive the stock price up. However, the ongoing supply chain disruptions and aircraft rework could limit the company's ability to meet its delivery targets, which could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Airbus SE leads the duopoly with Boeing in 1H23 with 1,080 orders and 316 deliveries, compared to Boeing's 527 orders and 266 deliveries.
Airbus's lead over Boeing in terms of orders and deliveries for 1H23 indicates a strong performance, which could boost investor confidence and potentially drive the stock price up.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50