Deutsche's Myles Walton raises the price target on Boeing (BA +0.4%), General Dynamics (GD +1.1%), L-3 Communication (LLL +1.2%), Precision Castparts (PCP +0.3%), and Triumph Group (TGI -0.1%) as the bank says "recent IATA air traffic and capacity figures point to modest acceleration, which should drive positive commentary on earnings calls." Walton sees double-digit Y/Y growth in commercial original equipment manufacturers, sequential growth in aftermarket sales, and says investors may see "a small uptick to guidance" for BA going forward. New PT for BA is $125. (See also: UBS bullish on PCP; GD could get Jones Act boost)
Deutsche's Myles Walton raises the price target on Boeing (BA +0.4%), General Dynamics (GD...
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Symbol | Last Price | % Chg |
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BA | - | - |
The Boeing Company |