Stock market today: S&P 500 hits fresh record close on stronger economic growth
Investing.com - Deutsche Bank (ETR:DBKGn) raised its price target on Boeing (NYSE:BA) to $255.00 from $245.00 on Wednesday, while maintaining a Buy rating on the aerospace manufacturer. The new target represents an 11% upside from the current price of $229.85, falling within the broader analyst range of $150-$287.
The bank cited improved production and financial stability at Boeing as key factors behind its more optimistic outlook, which is reflected in a lower target yield of 5% compared to 6% previously. According to InvestingPro data, Boeing has shown strong momentum with a 26% price return over the past six months, though the company’s overall financial health score remains weak.
Deutsche Bank updated its free cash flow estimates for Boeing, projecting ($2,094 million) in 2025, $6,033 million in 2026, $9,667 million in 2027, and $12,094 million in 2028 - all slightly lower than previous estimates.
The new price target values Boeing using a 5.0% target yield on 2028 free cash flow per share of approximately $15, discounted back one year at 15%.
Deutsche Bank noted several downside risks to its outlook, including potential charges in Boeing’s Defense, Space & Security division, delivery deferrals, certification delays on MAX-7/10 and 777X models, additional quality issues, upcoming union negotiations, and slower-than-expected global air traffic growth.
In other recent news, Boeing has reported its second-quarter 2025 earnings, showing a revenue increase to $22.7 billion, surpassing forecasts of $21.45 billion. The company also reported a core loss per share of $1.24, which was better than the anticipated loss of $1.40. Following these results, Bernstein raised its price target for Boeing to $287 from $282, maintaining an Outperform rating. Similarly, Susquehanna increased its price target to $270 from $265, citing Boeing’s strong performance in its Commercial Airplanes segment. Barclays (LON:BARC) also adjusted its price target upward to $255 from $210, despite noting a surprising market reaction to the financial results.
Additionally, Boeing secured a $37.9 million contract for P-8A Canada training systems, which includes providing Simulator Integration Kits and related hardware. The contract will involve planning, coordinating, scheduling, and delivering the necessary components. These developments highlight Boeing’s ongoing efforts to strengthen its market position and financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.