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Boeing Set For Improved Deliveries And Production Rates, Goldman Sachs Analyst Says

Goldman Sachs analyst Noah Poponak stated that their analysis suggests that The Boeing Company (NYSE:BA) (Buy rating, $243 price target) is expected to achieve 43 deliveries in June, comprising 34 737 MAX, three 787s, and six other aircraft. Of these, around 26 of the 737 MAX deliveries are newly produced, with the remainder sourced from inventory. The numbers show an improvement in both total deliveries and production rates compared to earlier in the year, writes the analyst. Boeing’s 2024 strategy starts with prioritizing product quality over immediate production ramp-up, intending to gradually boost output later in the year to meet demand, says the analyst. Poponak says that June’s numbers mark a preliminary indicator that could support Boeing’s approach. ...