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Investing.com - Freedom Capital Markets upgraded Boeing (NYSE:BA) stock rating from Hold to Buy on Monday, while raising its price target to $223.00 from $217.00. The new target represents an 11% upside from Boeing’s current trading price of $201.02.
The upgrade comes after what the research firm described as "a turbulent stretch for Boeing’s equity holders," with the third quarter of 2025 representing "a turning point" for the aerospace manufacturer. This optimism comes despite Boeing’s stock taking a significant 9.86% hit over the past week.
Freedom Capital Markets noted that Q3 2025 was "filled with both signs of operational improvement and reminders of lingering risk" for the aircraft maker.
The firm’s decision to upgrade Boeing follows a period of challenges for the company, which has faced various operational and safety concerns in recent years.
The new price target of $223.00 represents an increase of approximately 2.8% from the previous target of $217.00, reflecting the research firm’s more optimistic outlook on Boeing’s prospects.
In other recent news, Boeing has been making strides in its production capabilities, leading S&P Global Ratings to revise the company’s outlook to stable from negative. The aircraft manufacturer is ramping up its 737 MAX production to 42 planes per month, following consistent improvements in its supply chain. Additionally, Boeing plans to double the production of its 787 Dreamliner jets in South Carolina, aiming to reach 14 aircraft per month in the coming years. This expansion involves a $1 billion investment to enhance the facility’s capacity.
Boeing’s financials have also been under scrutiny, particularly after a significant $4.9 billion charge related to its 777X program, which was larger than expected. This charge influenced UBS and JPMorgan to lower their price targets for Boeing to $275 and $240, respectively, though both firms maintained positive ratings on the stock. In contrast, BofA Securities raised its price target to $270, citing revised free cash flow estimates as a central focus for investors. These recent developments reflect Boeing’s ongoing efforts to navigate production challenges and financial adjustments.
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