Boeing: Jefferies still a buyer

(CercleFinance.com) - On Wednesday an analyst at Jefferies confirms his "buy" rating on the Boeing share, after the plane maker relesed its figures for orders and deliveries in October.


"YTD deliveries total 321. We previously adjusted our forecast to 375 total deliveries for 2019. Our estimates assume a January restart for 737 MAX deliveries. October deliveries were weak, given the 737 MAX grounding with the next catalyst being 737 MAX recertification, which could come in late 2019. Order activity in October remained muted," the analyst said.

Alongside its buy rating, Jefferies has a target price of 420 dollars for the share (upside of nearly 16%).


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