Saturday, September 13, 2025

Latest

Boeing Sees Canaccord Reiterate Price Target, Buy Rating

In the last weeks, Boeing (NYSE: BA) has been in the news due to its ongoing complications with its airplanes. It started on July 12th with the U.S Federal Aviation Administration issuing a production notice for the Boeing 787 after discovering a manufacturing quality issue near the nose on some 787 Dreamliners. The FAA said that the “issue poses no immediate threat to flight, Boeing has committed to fix these airplanes before resuming deliveries.”

Then on July 13th, Boeing announced their second-quarter deliveries. The company recorded 79 commercial airplanes deliveries in the second quarter and 43 defense, space, and security planes. Later that day, a FlyDubai spokesperson said they would be revising the total number of Boeing 737 Max airplanes from 237 to 172. At the same time, Delta Air Lines announced that they would be adding 29 used Boeings 737-900’s to their suite of planes amid travel demand recovery.

Boeing has 25 analysts covering the company, with a weighted average 12-month price target of $267.52 or an 18% upside. The street high sits at $314, while the lowest price target comes in at $200. Out of the 25 analysts, five have strong buy ratings, and nine have buy ratings. Ten analysts have hold rating, and one analyst has a sell and strong sell, respectively.

In Canaccord’s note on July 13, they reiterated their $275 12-month price target and buy rating, calling the second quarter deliveries results mixed. The total deliveries of 79 are slightly up from the first quarter and up 3x from a year ago. The largest chunk of deliveries came from 50 737 MAX airplanes, which is down from the 63 in the first quarter. The company’s wide-body doubled their deliveries from the first quarter to 29.

They believe that the FAA news around their 787 airplanes, “will likely be a headwind for sentiment on the sector,” and call the reduction below 5 per month a surprise. Canaccord believes that the liquidation process for the 787 to be very challenged and expects that this quarter will be met with additional accounting adjustments.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Sundial Growers Sees Canaccord Reiterate $0.80 Price Target

On November 11th, Sundial Growers (NASDAQ: SNDL) reported their third quarter results. The company reported...

Wednesday, November 17, 2021, 11:47:00 AM

Aurora Cannabis: Consensus Price Target Tumbles Following Q3 Results

Aurora Cannabis (TSX: ACB) (NYSE: ACB) reported earnings for their fiscal third-quarter earnings on May...

Sunday, May 16, 2021, 10:16:00 AM

Sundial Growers: Canaccord Raises Price Target To US$0.65

On March 17th, Sundial Growers (NASDAQ: SNDL) reported their fourth quarter and year end financial...

Friday, March 19, 2021, 04:15:00 PM

Canaccord Smacks Canopy Growth With $12 Price Target

On November 5th, Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) reported their fiscal second quarter...

Monday, November 8, 2021, 10:14:00 AM

Hive Blockchain: Canaccord Remains Positive On Outlook

On August 26th, Canaccord Genuity Capital Markets’ raised their 12-month price target on Hive Blockchain...

Monday, August 29, 2022, 02:22:00 PM