Citi views Boeing’s recent stock decline as an entry point, lifting its target to $260 despite a 7% drop tied to a smaller-than-expected China order.
Boeing shares fell nearly 7% after a $22.22 billion China jet order fell short of expectations, triggering a broad selloff. Citi responded by raising its price target to $260 from $256, maintaining a Buy rating and calling the pullback a buying opportunity for long-term investors.
The firm argued the selloff was sentiment-driven, not reflective of Boeing’s fundamentals. Citi’s models suggest aerospace stocks typically lead cyclical rebounds, with defense following, positioning Boeing’s commercial business favorably. However, the bank cautioned against expecting a rapid recovery amid ongoing geopolitical tensions.
The $4 target increase underscores confidence in Boeing’s recovery trajectory, though Citi emphasized patience as a key factor for investors.