The White House has initiated the search for a new Defense Secretary as Pete Hegseth faces ongoing controversy linked to the unauthorized sharing of sensitive attack information via Signal chats. This development comes as an unnamed U.S. official revealed that the administration is proactively pursuing potential candidates for this critical position.
This internal shake-up could have implications for publicly traded defense contractors like Lockheed Martin (LMT), which may experience shifts in policy and contract dynamics. Lockheed Martin leads a group of major defense players that also includes other key firms such as BAE Systems, Boeing, General Dynamics, and Northrop Grumman, among others.
The decision to replace Hegseth underscores the administration's commitment to safeguarding national security protocols and maintaining the integrity of the defense department's operations. As the White House navigates this transition, market watchers will be keeping a close eye on the reactions from these defense giants, given their significant government contracts and influence in the sector.
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 $196.26 with a high estimate of $250.00 and a low estimate of $111.00. The average target implies an upside of 24.75% from the current price of $157.32. 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 $188.90, suggesting a upside of 20.07% from the current price of $157.32. 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.
