RBC Capital Markets reiterated its Outperform rating and $250 price target on Boeing (NYSE: BA), citing progress on regulatory approvals for its key aircraft programs.
The firm noted that the Federal Aviation Administration said last week it would permit Boeing to resume issuing airworthiness certificates for the 737 MAX and 787 models. While the regulator has not yet authorized production to ramp to 42 per month for the MAX, RBC viewed the update as a positive signal supporting investor confidence.
RBC said it adjusted its model to reflect an anticipated charge on the 777X program and its subsequent impact on free cash flow in 2026–2027. Nonetheless, the firm maintained that Boeing’s fundamentals remained strong, justifying its Outperform rating and $250 price target.
