Boeing Wins Buy Rating as Redburn Sees ‘Healthier' Company
Shares of Boeing Co. are set to make gains as the company speeds up production of commercial aircraft and takes steps to move on from a series of crises in recent years, according to Rothschild & Co. Redburn.
Growth in deliveries of 737 and 787 jets could bring annual free cash flow to a record level of more than $14 billion by the end of the decade, analyst Olivier Brochet wrote in a note to clients. The analyst raised the recommendation on the shares to buy from neutral, and boosted the price target to $275 from $180.
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