Street View: Tariffs remain 'manageable' challenge for Boeing

Boeing's BA.N CEO pledged on Wednesday to protect the U.S. planemaker's recovery from effects of U.S.-China trade war, after reporting a smaller-than-expected quarterly loss and higher jet output

Median PT of 29 brokerages covering the stock is $200 - LSEG data

GLOBAL REROUTING: PLANS TO SOAR PAST TRADE TENSIONS

J.P.Morgan ("overweight," PT: $200) says despite ongoing macroeconomic risks, tariffs appear manageable, and trade tensions with China alone are unlikely to hinder economic recovery

Morgan Stanley ("equal weight," PT: $185) sees Boeing's progress throughout quarter positively, noting solid signs of stabilization and future growth

Broker says Boeing's recently announced sale of its Digital Aviation Solutions business to Thoma Bravo will aid its balance sheet recovery

BofA Global Research ("neutral," PO: $185) sees co easily reallocating aircraft to other airlines needing capacity, with India as a likely candidate, despite uncertainty over China-bound deliveries due to tariffs

RBC ("outperform," PT: $200) sees potential tariff impact on supply chain, uncertainty around longer-term impact, and timing uncertainty of re-marketing MAX aircraft

"BA's confidence in its ability to offset the potential tariff free cash flow (FCF) impact is encouraging" - RBC