Boeing Gets Second Vote of Confidence from Analysts

Boeing (BA) has received another vote of confidence from analysts, this time from Douglas Harned at Bernstein. In a recent report, Harned maintained his Buy rating on Boeing with a price target of $298.00. This is not the first positive assessment of Boeing's prospects, as Goldman Sachs also issued a Buy rating in August with a $277.00 price target.

Boeing's latest earnings release for the quarter ending June 30 showed a quarterly revenue of $24.56 billion and a GAAP net loss of $444 million. This compares to last year's revenue of $22.75 billion and a GAAP net loss of $611 million.

Harned has a strong track record, with an average return of 12.0% and a 55.56% success rate on recommended stocks. His focus on the Industrials sector includes companies like GE Aerospace and L3Harris Technologies.