Jefferies Adjusts Boeing Price Target to $265 From $295, Maintains Buy Rating

The FAA granted Boeing an exemption to continue producing the 777F freighter until 2031, allowing sales of 35 units. Boeing argued the exemption was necessary to avoid losing $15B in export sales and to prevent airlines from using older, less efficient aircraft. The decision supports cargo airlines' fleet expansion and modernization, as next-gen freighters face delays. Korean Air recently ordered eight 777-8 freighters, with Boeing booking over 80 orders for the next-gen model.

Boeing CEO Kelly Ortberg announced delays in ramping up 737 Max production due to wing manufacturing bottlenecks. The company is currently producing 47 jets per month but aims for 52. Delays could impact Boeing's $10 billion free cash flow target and 2026 guidance. A potential strike by the engineering union adds further risk.

Boeing (BA) is progressing with a deal to sell 200 aircraft to China, marking its reentry into the market. The stock trades at $201.17, with a P/S ratio of 1.7x, below its historical median. BA's GF Score™ is 68, indicating mixed fundamentals. Insiders have sold more shares than they bought. The GF Value™ suggests a 4.5% undervaluation, but financial strength is weak.

China is nearing a deal to purchase 200 Boeing (BA) aircraft, which could benefit the U.S. aerospace company. This development comes as Washington and Beijing prepare for high-level trade talks, according to U.S. Trade Representative Jamieson Greer.

Boeing has secured a $552 million contract from the U.S. Navy for the development of a new uncrewed refueling aircraft, marking a novel approach to aerial refueling. The contract highlights Boeing's role in advancing military aviation technology.

The Pentagon awarded Boeing (BA) a $562M contract for MQ-25A Stingray production, while Lockheed Martin (LMT) received $1.3B for missile and artillery contracts. Boeing's contract marks the start of production for its delayed unmanned aerial refueling aircraft. Lockheed's awards focus on long-range weapons and artillery. Both companies are involved in the Stingray program, with Lockheed providing mission control systems.