Analyst Remains Bullish on Boeing After Paris Air Show

24/7 Wall St.

Boeing 737-MAX-7-8-9 ArtworkAlthough the number of new aircraft orders at last week’s Paris Air Show was well short of last year’s total at Farnborough, analysts at Canaccord Genuity remain bullish on The Boeing Co. (NYSE: BA) and other companies in the aerospace sector. The firm said that the sector is now focused on execution and investor expectations, as well as cash, as the plane makers and parts suppliers enter what Canaccord Genuity said is the “harvest” phase of the current cycle.

The analysts noted that there were no new program announcements from either Boeing or Airbus but that both companies issued very strong signals regarding production rate increases on narrowbody jets. Airbus made no commitment on developing a new engine for its super-jumbo A380 although it did highlight a stretch version of the plane that would add up to 40 seats. The analysts continue to believe that Airbus will launch a re-engined…

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