Latest news with #RonaldEpstein
Yahoo
7 days ago
- Business
- Yahoo
Boeing Upgraded to Buy as Stock Rallies 64% From April Lows
Bank of America upgraded Boeing (BA, Financials) to Buy from Neutral on Monday and raised its price target to $260 from $185; the new target marks a Wall Street high. Analyst Ronald Epstein cited Boeing's rising importance in international trade discussions under the Trump administration and noted the company's aircraft have become a favored negotiating tool in recent U.S. trade deals with the United Kingdom, Qatar, the United Arab Emirates and China. Warning! GuruFocus has detected 6 Warning Signs with BA. The upgrade follows Boeing's operational improvements; the company has stabilized production and taken steps to reduce free cash flow burn. CEO Kelly Ortberg said 737 MAX output is approaching 38 jets per month, the current Federal Aviation Administration limit; Boeing aims to raise that figure to 47 by year-end. Meanwhile, 787 Dreamliner production is increasing from five to seven aircraft monthly, following FAA approval. The potential resumption of jet deliveries to Chinaafter a bilateral trade trucecould further bolster near-term momentum. Separately, Air India is in talks with Boeing and Airbus for an order of 200 additional single-aisle jets as part of its multibillion-dollar expansion; this would come on top of the airline's 2023 order for 470 aircraft and a follow-up order for 100 wide-body jets. Vietnam Airlines is also expected to finalize a deal for 50 Boeing 737 MAX planes soon, based on a provisional agreement signed in 2023. Reuters reported the airline could require as many as 100 new narrow-body jets by 2035; a memorandum of understanding signed in April with Vietcombank would provide financing support for those purchases. Boeing shares rose 2% Monday to close at $211.47. The stock is now up 64% from its April 7 low of $128.88. Shares are trading just above a $209.66 buy point from a nine-day consolidation pattern; the rally follows an earlier breakout from a double-bottom base with a $184.40 entry. Year to date, Boeing stock is up more than 19%. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Boeing Upgraded to Buy as Stock Rallies 64% From April Lows
Bank of America upgraded Boeing (BA, Financials) to Buy from Neutral on Monday and raised its price target to $260 from $185; the new target marks a Wall Street high. Analyst Ronald Epstein cited Boeing's rising importance in international trade discussions under the Trump administration and noted the company's aircraft have become a favored negotiating tool in recent U.S. trade deals with the United Kingdom, Qatar, the United Arab Emirates and China. Warning! GuruFocus has detected 6 Warning Signs with BA. The upgrade follows Boeing's operational improvements; the company has stabilized production and taken steps to reduce free cash flow burn. CEO Kelly Ortberg said 737 MAX output is approaching 38 jets per month, the current Federal Aviation Administration limit; Boeing aims to raise that figure to 47 by year-end. Meanwhile, 787 Dreamliner production is increasing from five to seven aircraft monthly, following FAA approval. The potential resumption of jet deliveries to Chinaafter a bilateral trade trucecould further bolster near-term momentum. Separately, Air India is in talks with Boeing and Airbus for an order of 200 additional single-aisle jets as part of its multibillion-dollar expansion; this would come on top of the airline's 2023 order for 470 aircraft and a follow-up order for 100 wide-body jets. Vietnam Airlines is also expected to finalize a deal for 50 Boeing 737 MAX planes soon, based on a provisional agreement signed in 2023. Reuters reported the airline could require as many as 100 new narrow-body jets by 2035; a memorandum of understanding signed in April with Vietcombank would provide financing support for those purchases. Boeing shares rose 2% Monday to close at $211.47. The stock is now up 64% from its April 7 low of $128.88. Shares are trading just above a $209.66 buy point from a nine-day consolidation pattern; the rally follows an earlier breakout from a double-bottom base with a $184.40 entry. Year to date, Boeing stock is up more than 19%. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Boeing is the US government's favorite trade talk tool
When a trade war can't be avoided, it helps to be a favored negotiating device in corporate form. That's increasingly true for Boeing (BA), a company that until very recently was troubled by its own blunders, but appears to be entering a post-midair-door-blowout phase. Boeing has emerged as the USe government's favorite trade talk tool. It's fresh off deals with several Gulf states, the UK, and a (precarious) relaxation of restrictions with China. Shares are up over 20% for the year. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy On Monday, Bank of America analysts led by Ronald Epstein upgraded Boeing to Buy in part on the company becoming the White House's preferred trade instrument, "setting a precedent for future global trade negotiations" that will continue to boost the aerospace manufacturer. Similar to the bullish case for Nvidia, Boeing benefits from the trade war not because of the tariffs themselves, but because the company's strategic importance to the US government creates openings for dealmaking where its products become bargaining chips. (Boeing securing aircraft orders in foreign markets, and Nvidia getting to sell restricted computer chips in negotiations with Beijing.) The inklings of a comeback, boosted by its importance in the trade war, highlight just how far Boeing's standing has fallen. High-profile crash investigations and a widely covered door mishap tarnished the company's reputation. Boeing was hit further by production delays and a broader critique that corporate leaders had sacrificed a legacy of engineering excellence for financial shortcutting. Last year, the Wall Street Journal's Greg Ip described the company's troubles as a national emergency. That Boeing holds such significance — as a major ticker and a symbol of American power — helps explain why the company is being used as a game piece, and how further efforts to bind its corporate fate with government policy can propel the turnaround. Its legal troubles may be subsiding too. Last month, the Justice Department reached a deal with Boeing allowing the plane maker to avoid prosecution in a fraud case stemming from two fatal 737 MAX plane crashes. But the company's shift beyond crisis mode is still tenuous. "Even with all the positive data points, trust between BA and its shareholders, customers and regulatory agencies is extremely fragile," the Bank of America analysts said. As some surveys found last year, some consumers will actually pay more to avoid flying on a Boeing. The challenge of returning to American titan status may be too great for Boeing. But coming out a winner during the trade uncertainty is a feat of its own, and it may be enough. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban.
Yahoo
7 days ago
- Business
- Yahoo
Boeing is the US government's favorite trade talk tool
When a trade war can't be avoided, it helps to be a favored negotiating device in corporate form. That's increasingly true for Boeing (BA), a company that until very recently was troubled by its own blunders, but appears to be entering a post-midair-door-blowout phase. Boeing has emerged as the USe government's favorite trade talk tool. It's fresh off deals with several Gulf states, the UK, and a (precarious) relaxation of restrictions with China. Shares are up over 20% for the year. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy On Monday, Bank of America analysts led by Ronald Epstein upgraded Boeing to Buy in part on the company becoming the White House's preferred trade instrument, "setting a precedent for future global trade negotiations" that will continue to boost the aerospace manufacturer. Similar to the bullish case for Nvidia, Boeing benefits from the trade war not because of the tariffs themselves, but because the company's strategic importance to the US government creates openings for dealmaking where its products become bargaining chips. (Boeing securing aircraft orders in foreign markets, and Nvidia getting to sell restricted computer chips in negotiations with Beijing.) The inklings of a comeback, boosted by its importance in the trade war, highlight just how far Boeing's standing has fallen. High-profile crash investigations and a widely covered door mishap tarnished the company's reputation. Boeing was hit further by production delays and a broader critique that corporate leaders had sacrificed a legacy of engineering excellence for financial shortcutting. Last year, the Wall Street Journal's Greg Ip described the company's troubles as a national emergency. That Boeing holds such significance — as a major ticker and a symbol of American power — helps explain why the company is being used as a game piece, and how further efforts to bind its corporate fate with government policy can propel the turnaround. Its legal troubles may be subsiding too. Last month, the Justice Department reached a deal with Boeing allowing the plane maker to avoid prosecution in a fraud case stemming from two fatal 737 MAX plane crashes. But the company's shift beyond crisis mode is still tenuous. "Even with all the positive data points, trust between BA and its shareholders, customers and regulatory agencies is extremely fragile," the Bank of America analysts said. As some surveys found last year, some consumers will actually pay more to avoid flying on a Boeing. The challenge of returning to American titan status may be too great for Boeing. But coming out a winner during the trade uncertainty is a feat of its own, and it may be enough. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban. Sign in to access your portfolio
Bloomberg
02-06-2025
- Business
- Bloomberg
Stock Movers: BioNTech, Boeing, Nucor
On this episode of Stock Movers: - BioNTech (BNTX) shares rise after Bristol-Myers Squibb said it will pay BioNTech SE as much as $11.1 billion to license a next-generation cancer drug. The deal includes a $1.5 billion upfront payment, $2 billion in installments through 2028, and up to $7.6 billion in milestone payments, with the partners splitting development and manufacturing costs and profits equally. - Boeing (BA) shares gain after BofA Global Research upgraded the planemaker to buy from neutral, with analyst Ronald Epstein writing that company's 'aircraft emerged as the favored trade tool for the Trump administration in recent trade deals.' - Nucor (NUE) shares are up after President Trump's Friday announcement that steel and aluminum tariffs will double to 50% on June 4th.
