Redburn-Atlantic Raises Boeing (BA) Stock Rating to Buy, Lifts PT

The Boeing Company (NYSE:BA) is one of the 13 Best Large Cap Stocks to Buy Right Now. On June 25, Redburn-Atlantic upgraded The Boeing Company (NYSE:BA) rating to “Buy” from “Neutral” and increased its price target from $180 to $275.

The research firm noted positive changes in The Boeing Company’s (NYSE:BA) financials, culture, industrial processes, and overall strategy. Redburn-Atlantic also pointed out that the company’s health is improving after years of difficulties.

The firm’s analysis focused especially on the production potential at Boeing Commercial Aircraft (BCA), highlighting that The Boeing Company (NYSE:BA) can increase deliveries of the 737 and 787 models. Redburn-Atlantic projects these models could reach production rates of 63 and 14 aircraft per month, respectively.

This boost in production could generate an additional $1.7 billion in post-tax cash profits compared to current models. This represents a 13% potential upside to the firm’s 2029 cash flow estimates for The Boeing Company (NYSE:BA).

Redburn-Atlantic believes that the company’s free cash flow could surpass $14 billion by the end of the decade, exceeding the previous highest free cash flow of $13.6 billion achieved by The Boeing Company (NYSE:BA) in 2018.

The Boeing Company (NYSE:BA) is a leading global aerospace company that manufactures and services commercial airplanes, defense products, and space systems.

While we acknowledge the potential of BA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.