Bullish Boeing Analyst Says 'Didn't Expect Things To Start Falling Apart In Midair:' 'If They Get It Right, It's An Incredible Opportunity'
Portfolio Pulse from Shanthi Rexaline
Boeing Co. (NYSE:BA) shares dropped following quarterly results, with analyst Brian Langenberg highlighting the importance of a potential Spirit AeroSystems (NYSE:SPR) buyout and a new CEO for recovery. Langenberg maintains a Buy rating on Boeing with a $275 price target, emphasizing the long-term effort required for Boeing's turnaround. The potential acquisition of Spirit AeroSystems and the selection of a CEO focused on engineering and long-term health are seen as critical steps.
April 25, 2024 | 12:35 pm
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NEUTRAL IMPACT
Boeing's stock fell after quarterly results, with recovery seen as a long-term project involving a potential Spirit AeroSystems buyout and a new CEO. Analyst Brian Langenberg maintains a Buy rating with a $275 price target.
The stock's short-term impact is neutral as the recovery and potential buyout of Spirit AeroSystems are seen as long-term projects. Langenberg's continued support with a Buy rating suggests confidence in Boeing's eventual recovery, but the immediate impact is tempered by the challenges ahead.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Spirit AeroSystems is highlighted as a key factor in Boeing's recovery, with potential buyout talks by Boeing indicating a strategic move. The acquisition could offer upside for SPR, given the current non-peak profitability period.
Spirit AeroSystems' potential acquisition by Boeing could provide a short-term positive impact on SPR's stock, as it would be seen as a strategic move by Boeing to secure its supply chain and possibly gain from buying at non-peak profitability. The mention of not losing Airbus business adds to the positive outlook.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75