Why Is This Jefferies Analyst Bullish on Boeing Co (BA)?
Jefferies analyst Howard Rubel reiterated a Buy rating on Boeing Co (NYSE:BA) on July 1. The company’s shares closed last Friday at $129.69.
Boeing recently added a new research facility to test software and hardware included in their new generation of unmanned air, sea, and land vehicles. “Collaborative technology is at the forefront of innovation for taking advanced vehicles that already carry out dull, dirty or dangerous work, such as assisting in search and rescue, firefighting and military missions, and making them even more effective,” explained Nancy Pendleton, head of the Boeing’s Research & Technology research center in Missouri.
According to TipRanks.com, Rubel is a top 100 analyst with an average return of 16.2% and a 72.1% success rate. Rubel covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., General Dynamics Corp., and Lockheed Martin Corp.
Currently, the analyst consensus on Boeing is Moderate Buy and the average price target is $158.80, representing a 22.4% upside.
In a report issued on June 20, Deutsche Bank also reiterated a Buy rating on the stock with a $160 price target.