Morgan Stanley has reported that China has instructed its airlines to stop accepting deliveries of Boeing (BA, Financial) aircraft. This directive follows the U.S. decision to implement hefty tariffs of 145% on Chinese imports. Additionally, Chinese authorities have advised their airlines to cease purchasing aircraft-related equipment and parts from American companies.
Despite these developments, Boeing's exposure to the Chinese market has diminished significantly in recent years. Deliveries to China have accounted for less than 6% of Boeing's total shipments in the 2025-2028 timeframe, a stark contrast to a decade ago when China represented approximately 20% of Boeing's annual deliveries.
Given these circumstances, Morgan Stanley analysts believe the impact on Boeing's overall business will be minimal. The firm has reiterated its Equal Weight rating for Boeing stock, setting a price target of $175.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Boeing Co (BA, Financial) is $196.34 with a high estimate of $250.00 and a low estimate of $113.00. The average target implies an upside of 24.84% from the current price of $157.28. More detailed estimate data can be found on the Boeing Co (BA) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Boeing Co's (BA, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Boeing Co (BA, Financial) in one year is $188.98, suggesting a upside of 20.16% from the current price of $157.275. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Boeing Co (BA) Summary page.
