Bernstein Reiterates Outperform Rating on Boeing (BA)

Bernstein analyst Douglas Harned reiterated an Outperform rating and $240.00 price target on Boeing (NYSE: BA).

"We continue to rate Airbus and Boeing Outperform, based on their long-term trajectories and the likelihood that they may be turning the corner on the supply chain, despite the issues discussed here. The traffic trends described here are also helpful for the aftermarket. While this report does not directly address the aftermarket, as we have discussed before, supply chain and labor constraints are preventing aftermarket-oriented companies from fully benefiting from the recovery in the near-term."

For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.

Shares of Boeing closed at $211.04 yesterday.

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