Boeing's Q1 Results Instill More Confidence in 2026 Guidance, RBC Says

MT Newswires Live04-23

Boeing's (BA) Q1 results instill more confidence in the 2026 guidance as the production and delivery rate increases on the 737 MAX and 787 remains on track with little risk linked to the Middle East conflict, RBC Capital Markets said in a Thursday note.

The brokerage said it raised its 2026, 2027 and 2028 free cash flow forecast to $3 billion, $7.3 billion and $11 billion, respectively.

Defense margins were better than expected in Q1, and the company remains in contention for the F/A-XX opportunity, which would be a positive catalyst, according to the note.

Boeing is well positioned in the defense market, with continued de-risking on its development programs a positive, analysts wrote.

The brokerage said it reiterated its outperform rating on the stock and price target of $275 per share.

Price: 234.03, Change: +2.75, Percent Change: +1.19

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