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BTG Pactual starts Boeing coverage with Neutral rating, $260 target, citing strong deliveries and potential Riyadh Air order.

Analyst Insights
15 Jul 2026
Stuart Mooney
View Source
Bullish
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BTG Pactual has initiated coverage on Boeing with a Neutral rating and a $260 price target, suggesting a nearly 20% upside from the current $217 stock price. Boeing reported strong Q2 2026 results, delivering 171 commercial airplanes and 35 defense units, marking its best first-half deliveries since 2018. The company may also secure a large order from Riyadh Air for 25-30 additional 787 Dreamliners, which could boost its future order book. This operational strength underpins BTG Pactual's cautious optimism despite the Neutral rating.

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