Boeing: Jefferies still a buyer, maintains target price
(CercleFinance.com) - Ethiopian Airlines has placed an order for five 777 cargo aircraft, worth 2 billion dollars at list price.
Following this new order, Jefferies confirms its buy recommendation on the Boeing share with a target price of 225 dollars.
"Ethiopian operates Africa's largest cargo terminal from its Addis Ababa hub, with a fleet of 13 cargo aircraft (10 777-200LRF, 3 737-800F)," Jefferies said.
"The airline's backlog with BA now stands at 30 aircraft including 25 orders for the MAX, with an additional MOU signed for 5 777X Freighters in March," the broker added.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Following this new order, Jefferies confirms its buy recommendation on the Boeing share with a target price of 225 dollars.
"Ethiopian operates Africa's largest cargo terminal from its Addis Ababa hub, with a fleet of 13 cargo aircraft (10 777-200LRF, 3 737-800F)," Jefferies said.
"The airline's backlog with BA now stands at 30 aircraft including 25 orders for the MAX, with an additional MOU signed for 5 777X Freighters in March," the broker added.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.