BofA Raises Boeing Price Target to $270 on Strong Q2 Results
Bank of America raised its price target for Boeing to $270 after the company posted strong Q2 results, with revenue and aircraft deliveries exceeding expectations.
Boeing Co. is showing a strong recovery under CEO Kelly Ottberg, with aircraft deliveries at an 18-month high and shares up over 30% YTD, as Wall Street eyes a halved Q2 loss; challenges remain in production caps, defense delays, and quality control.
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Boeing Shows Signs of Recovery Under Ottberg’s Leadership—Q2 Earnings in Focus
Boeing Co. is showing a strong recovery under CEO Kelly Ottberg, with aircraft deliveries at an 18-month high and shares up over 30% YTD, as Wall Street eyes a halved Q2 loss; challenges remain in production caps, defense delays, and quality control.
Boeing delivered 60 aircraft in June, its highest monthly total since December 2023, as efforts to normalize 737 MAX production gain traction; Q2 deliveries reached 150, the strongest since 2018, with a backlog of 5,953 units.
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Boeing Delivers 60 Aircraft in June as 737 MAX Production Ramps Up
Boeing delivered 60 aircraft in June, its highest monthly total since December 2023, as efforts to normalize 737 MAX production gain traction; Q2 deliveries reached 150, the strongest since 2018, with a backlog of 5,953 units.
Boeing CEO Kelly Ortberg announced that aircraft deliveries to China will resume in June following eased trade tensions, sending Boeing shares up over 3% in New York trading. The company plans to boost 737 MAX production, pending FAA approval.
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Boeing CEO Expects Aircraft Deliveries to China to Resume in June—Shares Rise Over 3%
Boeing CEO Kelly Ortberg announced that aircraft deliveries to China will resume in June following eased trade tensions, sending Boeing shares up over 3% in New York trading. The company plans to boost 737 MAX production, pending FAA approval.
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