Renewed optimism surrounds Boeing as Bernstein boosts rating and Spirit AeroSystems deal progresses
Boeing (BA) shares moved higher Monday, buoyed by fresh analyst optimism and a key development in its supply chain strategy. The aerospace giant received an upgrade from Bernstein analysts and saw a major hurdle cleared in its planned reacquisition of Spirit AeroSystems Holdings (NYSE: SPR).
On Sunday, Bernstein upgraded Boeing stock to “outperform,” raising its price target to $218 from $181. The new target surpasses the $196.10 average analyst consensus, according to Visible Alpha data. Bernstein joins eight other firms rating Boeing as a “buy,” compared to three that recommend holding the stock.
The analysts pointed to Boeing’s latest quarterly results, noting the company is “now making the progress it needed for the growth trajectory we expected” before the high-profile January 2024 door-plug incident. Increased Federal Aviation Administration scrutiny, they said, should ultimately lead to stronger operational discipline at Boeing’s commercial unit. While risks remain, Bernstein believes the potential upside now outweighs them.
In another boost, Spirit AeroSystems and Airbus announced an agreement Monday that clears the path for Boeing to reacquire Spirit. Airbus will take over certain Spirit operations that manufacture Airbus parts, ensuring the European plane maker remains independent of its U.S. rival for critical components. Jefferies analysts noted the deal “opens the way” for Boeing’s Spirit acquisition to close, likely by the third quarter of 2025.
Shares of Boeing closed up roughly 2% at $182, marking what appears to be the company’s fifth consecutive daily gain. The stock has now returned to positive territory over the past 12 months, reflecting growing investor confidence in Boeing’s operational recovery and supply chain strategy.
With momentum building on multiple fronts, Boeing’s path to stabilization — and potentially growth — looks increasingly within reach.
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