Boeing is seeing a potential turnaround, according to Barclays analyst David Strauss, who upgraded the company’s stock rating from equal weight to overweight, marking his first positive stance on Boeing since 2019. He raised the price target by $20 to $210, indicating a possible 23.6% share rally from Friday’s close. Strauss attributes the upgrade to anticipated sustained improvements in Boeing’s production and delivery performance, expected to materialize in 2025. He highlighted an improved balance sheet and outlook for free cash flow as significant factors, along with Boeing’s new leadership and adjustments to the production of the Max plane following past controversies. His assessment comes as Boeing attempts to recover from a reputational crisis that began with an incident involving Alaska Airlines. Despite a 4% decline in shares so far in 2025, following a 32% drop the previous year, Strauss’s change of rating, titled “Darkest Before Dawn,” reflects growing optimism among analysts. While he acknowledges potential risks, such as regulatory approval delays, he remains cautiously optimistic, aligning with the overall positive sentiment on Wall Street, as shares gained over 2% in premarket trading following the upgrade.
