Bullish On Boeing: Analyst Foresees Robust FCF Generation By Mid-2020s
Portfolio Pulse from Lekha Gupta
B of A Securities analyst Ronald J. Epstein upgraded Boeing Company (NYSE:BA) to Buy from Hold and increased the price target to $300 from $225. The analyst is bullish on improved FCF expectations, with increased delivery rates expected to drive an incremental annual FCF of $2 billion by 2026. However, the analyst lowered estimates for core EPS for 2023 and 2024, mainly reflecting higher-than-expected charges on cash-losing programs and legacy-related challenges.
July 27, 2023 | 5:56 pm
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Boeing's stock has been upgraded by B of A Securities analyst Ronald J. Epstein, who also increased the price target to $300. The analyst is bullish on the company's improved FCF expectations.
The upgrade and increased price target by the analyst indicates a positive outlook for Boeing's stock. The analyst's bullish stance on the company's improved FCF expectations could potentially drive the stock price up in the short term.
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