Boeing: A Tale Of Irresistible Force Vs. The Immovable Object
Drexel Hamilton commented on Boeing Co (NYSE: BA) in its note published Friday. According to the analysts, the Farnborough Air Show this week was a bit of a disappointment order-wise for Boeing. However, the analysts mentioned that both Boeing and Airbus are positioned to have year-to-date book/bills either reaching, or at least approaching, 1x.
"Should we be that concerned with the order cycle? This is a critical question to consider as many in the marketplace believe we are late in the order cycle, and are fearful of becoming involved in BA shares," wrote Drexel, adding that the view they are late in the order cycle can be seen as "the irresistible force."
The company has a Buy rating on Boeing with an attached $158 price target.
At time of writing, Boeing was up 0.62 percent at $132.36.
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Latest Ratings for BA
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Cowen & Co. | Maintains | Outperform | |
| Jan 2022 | Jefferies | Maintains | Buy | |
| Jan 2022 | Morgan Stanley | Maintains | Overweight |
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