From Financial Modeling Prep: 2024-12-30 17:24:00

Wolfe Research analysts reiterate Outperform rating and $195 price target for Boeing (NYSE:BA), stating recent aviation incidents do not impact stock or operational outlook. Incidents involving older 737-800 models are unrelated to Boeing’s current production or design efforts, particularly its 737 MAX program ramp-up.

Recent crashes of older 737-800 models highlight aviation risks but do not implicate Boeing’s workmanship or aircraft design. Incidents serve as reminder of headline risks faced by aircraft manufacturers, even when events are unrelated to their products. Christmas Day downing of Azerbaijan Embraer E190 also detached from manufacturing concerns.

Commercial aviation safety remains exceptional, with only one fatality on western-built commercial jet in 2024 before December 25. Isolated incidents do not change Boeing’s business strength or production recovery path, according to analysts.

Boeing remains focused on scaling 737 MAX production and meeting industry demands, positioning the company for long-term success with solid backlog and improved operational efficiencies.



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