Boeing: Jefferies maintains 'buy' rating
(CercleFinance.com) - After its January deliveries Jefferies has confirmed its "buy" rating on the Boeing share, along with its target price of 390 dollars (12% upside).
The US aircraft manufacturer delivered 13 aircraft in January, against 46 a year ago. Jefferies expects 498 deliveries over 2020, compared with 380 in 2019 - if deliveries of the 737 MAX resume in the third quarter.
Boeing received no orders in January, after recording 45 gross orders in January 2019, Jefferies notes.
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