Research Alert: CFRA Reiterates Buy Opinion On Shares Of The Boeing Company
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our unchanged 12-month target of $278 is 38.0x our 2027 EPS, in line with aerospace peers, which are trading at an average forward P/E of 38.1x. We decrease our 2026 EPS estimate by $2.57 to $0.23 and keep 2027 at $7.32. The fundamental outlook remains constructive, supported by a record $695B backlog and improving production momentum, with 737 rates stabilizing at 42/month with planned increases to 47 this summer and eventually 52 with the new Everett North Line. Key near-term catalysts include 737-7/10 and 777X certifications expected in 2026-2027, 787 deliveries targeting 90-100 aircraft this year, and Defense revenue growth of 21% led by increased operational tempo. Management reaffirmed $1B-3B free cash flow guidance for 2026, with a clear path to $10B+ longer term as production ramps and operational improvements continue across all three business segments. Management noted no delivery deferrals from Middle East customers despite the ongoing conflict, while defense demand has strengthened significantly.