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Boeing Stock Soars on Upgrade from BNP Paribas and Raised Target Price

Guavy AI Editorial Team
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Boeing's stock price surged by 4.80% to $226.51 on Monday, August 4th, following an upgrade from BNP Paribas to Outperform and a raised target price from JPMorgan to $290.

The upgrade was driven by Boeing's positive Q2 operational results, which included the delivery of 171 aircraft, the highest number since 2018, and a record total backlog of $715 billion.

Boeing also reported free cash flow (FCF) of $631 million in Q2, marking a significant improvement from previous quarters.

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