Analysts at Stifel Nicolaus & Company initiate coverage of Boeing Company with a “buy” rating. The target price is set to $102.
In a research note published this morning, the analysts mention that the company is currently generating operating margin expansion, robust free cash flows and rising ROIC. Boeing’s aircraft deliveries are rising and the company has a competitive product portfolio, the analysts add. While domestic airlines are likely to begin placing more significant aircraft orders next year, there is likely to be robust replacement demand as well, Stifel Nicolaus & Company adds.