Stephanie Link of Hightower Advisors said Boeing stock will turn around after a tough 2024. “I think the worst is behind us for the company,” the company’s chief investment strategist and portfolio manager said Tuesday on CNBC’s “Halftime Report.” “I think this is a 2025 story — my favorite Link’s comments come after a tumultuous year for the aerospace giant, which saw a Boeing 737 Max 9 aircraft operated by Alaska Airlines take off mid-flight in January. A panel was installed on its side to kick off the year. In the months since the incident, aerospace veteran Robert “Kelly” Ortberg replaced Dave Calhoun as Boeing’s new chief executive in August. The move comes five months after Calhoun announced his decision to step down from his role as part of a broad management shakeup at the company. Then, just weeks after Ortberg took over, nearly two months of strikes by Boeing machinists ended with 59 percent approval of a new four-year labor deal that included a 38 percent pay increase. ) and ended. By the end of the year, Boeing’s stock price fell 32.1%. BA 1Y mountain BA, 1-Year Link, who recently bought more shares, believes Boeing’s new leadership bodes well for the company and said Ortberg “has a strong track record of strong execution.” The strategist also said the company recently raised about $21.1 billion through a common stock offering, giving it three years to “fix some of these issues.” She believes Boeing will generate about $6 billion to $7 billion in free cash flow growth over the next three years, pointing to potential improvements in aircraft deliveries this year as a catalyst for growth. The strategist isn’t the only one taking a bullish stance on Boeing in the new year. Barclays analyst David Strauss upgraded the stock to overweight from equal weight on Monday and raised his target price by $20 to $210. That represents roughly 23% upside potential as of Monday’s close. His views are similar to those of other Wall Street analysts on the stock. According to LSEG data, 17 of the 30 analysts covering the project have a strong buy or buy rating. Eleven other firms have hold ratings on the stock. Its average target is around $187, suggesting more than 9% upside from this level. The stock has significantly outperformed the market over the past month, rising more than 12% in a single month. The S&P 500 index fell more than 2% during the same period.
Hightower’s Stephanie Link says worst is over for Boeing, names it top pick for 2025 | Real Time Headlines
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