Boeing: Jefferies still a buyer
(CercleFinance.com) - On Wednesday an analyst at Jefferies confirmed a "Buy" rating on the Boeing stock, anticipating the delivery of 299 aircraft over 2020 - provided that deliveries of MAX models restart at the end of the third quarter.
"Order activity in April remained negative, with no new orders, but 209 cancellations/contractual changes," the broker said, which also noted just six aircraft deliveries over the past month, compared with 23 a year ago.
Jefferies also confirmed its target price of 185 dollars for the share.
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