Cowen: Boeing cash flow to keep growing

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing's (BA +0.2%) cash flow is likely to continue growing at least through 2021, according to Cowen, stating that positives include a favorable demand cycle and continuing healthy commercial productivity.

Investors generally acknowledge cash flow growth through 2020, but they worry 2020 may be a peak/plateau, and do not appreciate the resilience of the demand upswing, productivity setup and extended lift in defense cash generation.

Boeing remains the No. 1 aerospace pick at Cowen, with an Outperform rating and price target of $430.

Source: Bloomberg First Word

Subscribe for full text news in your inbox