Analyst predicts increased commercial jet deliveries
- Boeing stock upgraded to Buy from Hold
- Price target raised to $270, 30% above recent trading levels
- Expected increase in commercial jet deliveries
- Deliveries in 2024-2026 expected to surpass pre-pandemic levels
- 76% of analysts rate Boeing shares Buy
Boeing stock received an upgrade from Hold to Buy, with a price target of $270, representing a potential 30% increase. The upgrade was driven by the expected growth in commercial jet deliveries. In 2022, Boeing delivered 480 jets, and this year’s deliveries are expected to reach around 520 units. Furthermore, deliveries in 2024-2026 are projected to surpass the pre-pandemic peak of 806 units delivered in 2018. This positive outlook has led to 76% of analysts rating Boeing shares as Buy. The stock has already seen a 9% increase year to date and a 20% increase over the past 12 months.
Factuality Level: 7
Factuality Justification: The article provides information about an analyst’s recommendation to buy Boeing stock based on the expectation of increasing commercial jet deliveries. It also includes data on past and projected aircraft deliveries. The information seems to be based on factual data and the analyst’s opinion. However, there is no mention of any potential risks or challenges that could affect the delivery projections or the stock performance. Overall, the article provides some factual information but lacks a comprehensive analysis.
Noise Level: 3
Noise Justification: The article provides information about an analyst’s upgrade of Boeing stock and the expected increase in commercial jet deliveries. It includes some historical context and analyst ratings. However, it lacks in-depth analysis, evidence, and actionable insights. The article also contains some irrelevant information about the analyst’s previous ratings and the stock’s performance.
Financial Relevance: Yes
Financial Markets Impacted: Boeing stock
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the potential impact of increasing commercial jet deliveries on Boeing’s stock. There is no mention of any extreme events.
Public Companies: Boeing (BA)
Key People: Scott Deuschle (Deutsche Bank analyst)
Reported publicly:
www.marketwatch.com 
