Argus Upgrades Boeing to Buy, Citing Production Ramp and Cash-Flow Recovery
Argus upgraded Boeing from Hold to Buy and set a $265 price target, implying about 14% upside from Monday’s closing price. Argus analyst Christina Ruggeri said Boeing is expected to generate positive cash flow this year, its first such achievement since 2023. Ruggeri said Boeing is positioned to significantly increase production after receiving approval to ease monthly production limits and obtaining long-awaited airworthiness certifications for two aircraft models. Overall, Boeing has made solid progress this year in improving production conditions and raising profitability. “Overall, robust market demand, a substantial backlog, steadily improving production capacity and a shift from negative to positive cash flow should support the company’s earnings growth going forward,” Ruggeri wrote.
Argus analyst Christina Ruggeri said Boeing is expected to generate positive cash flow this year, its first such achievement since 2023.
Ruggeri said Boeing is positioned to significantly increase production after receiving approval to ease monthly production limits and obtaining long-awaited airworthiness certifications for two aircraft models.
Overall, Boeing has made solid progress this year in improving production conditions and raising profitability.
“Overall, robust market demand, a substantial backlog, steadily improving production capacity and a shift from negative to positive cash flow should support the company’s earnings growth going forward,” Ruggeri wrote.