Boeing Upgraded as Certification Risks Eased

BNP Paribas Exane has upgraded The Boeing Company (BA) to Outperform from Underperform, citing improving free cash flow and easing defense risks. According to BNP Paribas Exane, years of cuts to free cash flow expectations have gone too far, and long-running operational risks are nearing resolution.

The upgrade marks a notable shift in the company's outlook, with BNP Paribas Exane arguing that several factors are contributing to its improved assessment. These include improving certifications and a decrease in defense risks, which were previously seen as major concerns for Boeing (BA).