Cowen Remains Bullish on Boeing (BA) on Increasing Demand

Cowen reiterated an Outperform rating and $175.00 price target on Boeing (NYSE: BA) on increasing demand. Management suggested that lower oil prices have bolstered aircraft demand by aiding airline profits, and it claims deferral requests remain below historical levels.

Analyst Cai Rumohr commented, "Continuing solid demand & improving 787 execution suggest EPS/CFPS at least in line with estimates. Off 13% from its ytd peak, the stock sets up well to bounce on likely Chinese order announcements during President Xi's U.S. visit next week."

For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.

Shares of Boeing closed at $137.20 yesterday.

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