Boeing shows steady turnaround progress, Bank of America keeps Buy rating with $270 target.

Bank of America maintains a Buy rating on Boeing, citing steady operational improvements despite ongoing challenges. The firm highlights growth in Boeing Global Services and defense segments, and expects commercial aircraft production to stabilize and increase after 2028. Production of the 737 MAX is stable, with deliveries expected to slightly exceed company forecasts in 2026. Cash flow is improving but still negative, with a full-year 2026 free cash flow forecast between $1 billion and $3 billion. The $270 price target reflects confidence in Boeing's recovery and future cash flow potential.