Boeing's Delivery Tally Falls Short Of Airbus, Yet Analyst Creates Bullish Pitch For Stock

Credit Suisse has upgraded Boeing Co BA from Underperform to Neutral, with a price target of $200, up from $121.
The analyst upgraded the planemaker on improved operational performance.
The analyst notes strong aircraft deliveries, reducing the opportunity for downward estimate revisions, instead creating an upside opportunity.
Boeing boosted deliveries by 41% in 2022 over the previous year to 480 commercial jets, which fell short of Airbus EADSY.
Credit Suisse sees an upside for Q4 free cash flow, with an analyst estimate of $3 billion versus the consensus of $2. billion.
Finally, China lifted a ban on Australian coal imports suggesting increased policy flexibility, which may result in Boeing regaining market access.
Related: JP Morgan Thinks Boeing Is Riding The Momentum.
Credit Suisse raised the FY22-25 EPS estimates to -$(9.37)/$0.68/$4.50/$9.36 from -$(9.38)/$0.41/$4.07/$8.55 on higher Boeing Commercial Airplanes (BCA) deliveries and improved margins.
The analyst estimates 772 BCA deliveries in 2025, up 13 units versus prior but slightly shy from the guidance of 800.
Price Action: BA shares are up 2.51% at $213.25 on the last check Thursday.

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