The pullback in Boeing (NYSE:BA) shares is a buying opportunity, according to UBS analysts, who cut the firm's price target for the stock to $275 from $325 in a note Thursday, maintaining a Buy rating.
The analysts stated that "quality control and cash flow are not mutually exclusive," and Boeing is aligned with its stakeholders - which includes investors.
"Essentially every financial and operational consideration was better than feared by the market prior to earnings, post the Alaska Airlines incident," said the analysts.
"A lot of caution justifiably remains in the stock price, but we see the pullback in shares as a buying opportunity for investors willing to focus on the medium-term," the analysts added.
The analysts also noted that the historically conservative management team is still confident in its 2025/26 goals.
"With 787 still ramping and no change to the 737 supply chain master schedule, we do still see a path to $10bn of FCF in 2025," added the analysts.