Boeing has been able to "navigate the turbulence," according to Bank of America — which says the worst is now behind the company.
Passenger demand has been lifted to near pre-pandemic levels thanks to the post-Covid recovery, analyst Epstein wrote in a Thursday note.
"Boeing is participating in the commercial aerospace recovery, as part of the global duopoly in large commercial aircraft manufacturing, with some company-specific challenges.
Epstein said tailwind from higher delivery rates can help the company also offset its lower profitability rates from its defense segment.
Shares traded 0.8% higher Thursday before the bell, after gaining 8.7% during Wednesday's trading session on second-quarter results that showed an increase in commercial aircraft deliveries.
Persons:
Ronald Epstein, Epstein, — CNBC's Michael Bloom
Organizations:
Boeing, Bank of America