Boeing Co. ( BA) has been soaring this year, more than quadrupling the pace of the broader market, and looks set to reach new altitudes. While the ride higher has been with worries over trade-war protectionism and tariffs, higher expected earnings and a robust cash-flow outlook are a few reasons why Robert W. Baird analyst Peter Arment gives the airplane manufacturer’s stock a buy rating and, given his price target, sees another 25% rise on the horizon, according to Barron’s. Favorable aircraft deliveries will help boost earnings, as Arment raised his earnings estimate for the second quarter to $3.50, which is five cents above consensus estimates.
Despite a lackluster performance from the well-known index, some Dow components have performed quite well.
Boeing Co struck a new deal for 100 passenger jets with Vietnamese budget airline VietJet Aviation JSC on Wednesday, deepening a battle for market share against rival Airbus in one of southeast Asia's hottest markets. Boeing and VietJet signed the provisional order for 100 Boeing 737 MAX airplanes worth almost $13 billion at list prices at the Farnborough Airshow in southern England.
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Farnborough Airshow in southern England. The two companies have so far signed deals worth more than $100 billion ...
Airbus SE and Boeing Co. usually don’t miss a chance to celebrate their biggest orders at the annual air shows -- typically, top executives will trumpet them loudly at signing ceremonies staffed with a phalanx of smiling flight attendants. On the first three days at the Farnborough expo taking place outside London, Airbus has cloaked the identity of the customer behind $24.4 billion in orders at list prices. Boeing followed suit on Wednesday for deals struck for planes valued at $11 billion based before customary discounts.
Among the companies with shares expected to trade actively in Wednesday's session are Alphabet, Morgan Stanley, Texas Instruments, United Continental Holdings and Boeing.