Expected delivery spurt raises Boeing stock favorability: Rothschild & Co upgraded its recommendation on Boeing’s stock from neutral to buy, noting an improved overall performance and ramp-up in commercial deliveries, Bloomberg reported last week, citing a note to clients by analyst Olivier Brochet. “Improvements in financials, culture, industrial processes, and strategy, combined with production acceleration, should enable a reassessment of the stock in the market,” Brochet said.

In numbers: A ramp-up in deliveries of 737 and 787 models is projected to boost annual cashflow to a record USD 14 bn by 2030, Brochet said. An overall upgrade of Boeing’s financial health raised Rothschild & Co.’s price target for its stock from USD 180 to USD 275.

A record May for Boeing: Boeing secured 303 new orders from customers in May, the sixth-highest monthly figure in its history, while producing 38 new 737 MAX jets and delivering 45 aircraft in the same period. The planemaker also saw a gigantic Qatar Airways order for 160 jets with an option to add 50 more aircraft during the same month. This dovetailed with a trend of nations attempting to boost aviation ties with Washington in a bid to gain a bargaining chip in ongoing tariff trade talks.

Tags: