Trump’s Plane Change Has The Media Dividend But Here’s The Common Factor: Boeing (BA)

Boeing Co (NYSE:BA) is one of the 12 Best Dow Stocks to Invest In Right Now. During the last few trading sessions, Boeing Co (NYSE:BA) stock has seen positive momentum. On July 1, Citi analyst John Godyn assigned a Buy rating to Boeing Co (NYSE:BA) and set a target price of $260. The analyst’s price target suggests a further 14.7% upside, which sits just below the median Wall Street analyst upside of 21.4%.

On July 2, the Government Accountability Office, in its annual assessment of US weapons programs, said Boeing has reduced some of the technical challenges that have delayed its delivery of two jets that will serve as Air Force One. The company is expected to deliver the first modified jet by 2028. It has improved several key areas, including the aircraft’s environmental control system, cabin pressure issues, and the hiring and retention of more qualified mechanics.

However, the planes still need more detailed work, including final interior designs for the aircraft, wiring, installation, and fixing structural defects. Moreover, repairs of stress corrosion cracks are still in progress and are expected to be finished this year. Despite the progress, BA is still three years behind its original delivery schedule. While delays in two jets may seem immaterial, they point to an execution risk and a lack of management quality for shareholders.

Boeing Co (NYSE:BA) together with its subsidiaries, designs, develops, manufactures, and supports commercial jetliners, military aircraft, satellites, missile defense, and launch systems and services worldwide. The company operates through three segments. These include Commercial Airplanes, Defense, Space & Security, and Global Services. The company was incorporated in 1916 and is based in Arlington, Virginia.

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