Boeing: Jefferies still a buyer
(CercleFinance.com) - Jefferies maintains its Buy rating on the Boeing stock with a target price of 225 dollars.
The analyst notes that Boeing has reaffirmed that the MAX-7 (5% of backlog) will be certified by the end of the year, while the MAX-10 (16%) will be certified in the first six months of 2023.
In terms of orders, Jefferies notes that Taiwan's China Airlines is buying 16 wide-body 787s worth 4.6 billion dollars, with deliveries as from 2025. Meanwhile, UPS has ordered an additional eight 767 freighters, bringing the total number of aircraft ordered to 108.
The analyst also points out Poland's purchase of 96 AH-64E Apache helicopters for nearly 10 billion dollars, with deliveries in 2025-2026, plus 3.9 billion dollars from the sale of 29 helicopters to Australia this year. This is alongside the 5 billion dollar land defence contract that Boeing has won.
For the record, Boeing shares closed up almost 0.8% yesterday - as did the US market.
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.
The analyst notes that Boeing has reaffirmed that the MAX-7 (5% of backlog) will be certified by the end of the year, while the MAX-10 (16%) will be certified in the first six months of 2023.
In terms of orders, Jefferies notes that Taiwan's China Airlines is buying 16 wide-body 787s worth 4.6 billion dollars, with deliveries as from 2025. Meanwhile, UPS has ordered an additional eight 767 freighters, bringing the total number of aircraft ordered to 108.
The analyst also points out Poland's purchase of 96 AH-64E Apache helicopters for nearly 10 billion dollars, with deliveries in 2025-2026, plus 3.9 billion dollars from the sale of 29 helicopters to Australia this year. This is alongside the 5 billion dollar land defence contract that Boeing has won.
For the record, Boeing shares closed up almost 0.8% yesterday - as did the US market.
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.