Bank of America raises Boeing's price target to $200 from $180

Bank of America has raised its price target on Boeing (BA) from $180 to $200, noting that the company is "too big to fail."

Yahoo Finance's Seana Smith and Brad Smith report more on the call and explain why the stock has retained its Neutral rating.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Melanie Riehl

Video transcript

Let's take a look at Boeing.

That's another thought that's catching our attention here.

Getting a bullish call from Bank of America, they raised their price target on the stock from 180 to 200 bucks a share.

The analyst behind that call saying that Boeing is quote too big to fail.

But turning around operations is going to take some time maintaining that neutral reading that he has on the stock when it comes to some of those other tidbits here within this call here from Bank of America, saying that Boeing remains uniquely positioned to the robust air traffic demand environment with the moat that the duopoly creates, although again reiterating the fact that some of those turnaround operations that's going to take some time to play out.

And there are uncertainties clearly that remain in the future.

So because of all that seeing, raising his price target, given where Boeing is trading today.

But still, though staying on the sidelines when it comes to that rating of maintaining a neutral rating neutral stance on yeah, and we've seen in the past where especially for the large plane manufacturers, where that duopoly that's in the system for those orders where it's largely either Boeing or Airbus at the end of the day and where that can be a backstop for some of the share price activity, too.

And the slippage that we've seen in the past, even when Boeing has a a tumultuous start to the year here.

And so as investors are trying to figure out, trying to best position themselves as to where they can see some type of potential bounce back for Boeing.

I mean, we were just speaking with the CEO of the company earlier this week, and they had said previously, prior to this year and prior to some of the manufacturing shortcomings for the large plain order, uh, just broader landscape they were able to receive or bank on a plane in about 18 months.

That's drastically moved out.

And it's changing the amount of fleet that companies either a small as the company that has two aircrafts right now, or some of the other airline operators that have hundreds of different uh, aircraft that they operate are actually able to insert into their flight path their routes and, uh that impacting some financials and leading them to adjust, as we had seen earlier this year as well