Analysts say Boeing (BA) Backlog Not Likely to Go Down in Flames
Tweet
Share
E-mail
Get Alerts BA Hot Sheet
Price: $231.67 +0.58%
Rating Summary:
32 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
32 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
If Boeing's (NYSE: BA) backlog holds true, the company has enough orders to keep itself busy for 7 years. However, with the recent Quantas cancellation, some are wondering if the planned production rates are a fantasy.
"At the top of the high-risk list is Lion Air, whose mammoth 737 order and short operating history have made it an exemplar of the industry’s excessive growth expectations," said Oppenheimer analyst Yair Reiner.
He performed a study to gauge the likelihood that companies might cancel or defer their orders. Based on the results, doesn't believe the backlog looks all that bad.
"On the whole, our findings were reassuring. While there are clear pockets of risk, the substantial majority of orders appear justified and likely to deliver as planned," he said.
Oppenheimer has an Outperform Rating on Boeing and a price target of $90.
For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.
Shares of Boeing closed at $70.83 yesterday.
"At the top of the high-risk list is Lion Air, whose mammoth 737 order and short operating history have made it an exemplar of the industry’s excessive growth expectations," said Oppenheimer analyst Yair Reiner.
He performed a study to gauge the likelihood that companies might cancel or defer their orders. Based on the results, doesn't believe the backlog looks all that bad.
"On the whole, our findings were reassuring. While there are clear pockets of risk, the substantial majority of orders appear justified and likely to deliver as planned," he said.
Oppenheimer has an Outperform Rating on Boeing and a price target of $90.
For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.
Shares of Boeing closed at $70.83 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- Argus Upgrades Boeing (BA) to Buy, 'we think it has superior long-term prospects'
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
