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BofA remains bullish on Boeing (BA) as delivery targets remain in grasp

December 19, 2023 7:51 AM EST

Boeing (NYSE: BA) received a vote of confidence from BofA analysts on Tuesday, with the bank raising its price target for the stock to $275 from $250, maintaining a Buy rating.

Analysts at the investment bank explained that the bullish outlook stems from Boeing's progress towards achieving its full-year delivery targets for both the 737 and 787.

Citing AeroAnalysis data, BofA said that with just one more delivery needed, Boeing is within striking distance of hitting the lower... More