Analysts at Deutsche Bank upgraded Boeing (NYSE:BA) from Hold to Buy rating, increasing the price target from $204 to $270, representing a potential 30% rise from Friday’s closing price.
Deutsche’s upgrade is based on accelerating aircraft deliveries, which they believe could continue. This improvement, the analysts suggest, could lead to a positive shift in Free Cash Flow (FCF) projections. They highlight that Boeing previously saw significant gains in 2017, with a 46% increase in FCF and an 89% stock rise over the year.
Deutsche Bank now forecasts higher FCF than the market consensus through 2027, with their fourth-quarter FCF estimate 49% above the Street expectation, predicting $2.6 billion against the consensus of $1.7 billion.