Boeing Delivers – CWEB.com
By Leslie Cohen
Boeing Co. U.S.: (BA ) was able to deliver record setting results for commercial aircraft deliveries in 2017. The tax law changes implemented by President Trump have given Boeing the ability to invest billions of dollars into its business.
Lion Air Group, the budget airline based in Indonesia announced Tuesday the order for 50 Boeing Co. 737 Max 10 jets, adding more seats to its planes with the growth of travel in the country. The contract is worth $6.24 billion.
Boeing increases first-quarter deliveries by nearly 9 percent. It has acquired $11.5 billion in free cash flow. We could see an upside of 20%-25% annual growth over the next five years.
As of April 10thmany top analysts rate it a buy including Cowen % Company, Edward Jones, Jeffries and Co., JP. Morgan Securities and Morgan Stanley.
CWEB Analyst’s have initiated a Buy Rating for Boeing Co. U.S.: (BA), and a Price Target of $400 within 12 months.
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