BofA Securities Reiterates Neutral Rating on Boeing (BA) Despite Strong Deliveries

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Go back to BofA Securities Reiterates Neutral Rating on Boeing (BA) Despite Strong Deliveries

Wall Street analysts positive following strong Boeing (BA) Q1 deliveries

April 12, 2023 11:58 AM EDT

Analysts reacted positively to the news that Boeing (NYSE: BA) delivered 130 airplanes in the first quarter of 2023, just above rival Airbus, which delivered 127 jets.

BofA's Ronald Epstein, who has a Neutral rating and $225 price target on Boeing, told investors in a note that the deliveries number was "strong" and in line with aero analysis estimates.

"Boeing delivered 64 total aircraft in March, above Airbus deliveries of 61 aircraft, 56% and 120% higher than in 2022 and 2021,... More