RBC Capital Initiates Coverage On Several Aerospace & Defense Companies

  • RBC Capital analyst Ken Herbert initiated coverage on several Aerospace & Defense companies.

  • Boeing Co (NYSE: BA) initiated with an Outperform rating and a price target of 5, implying an upside of 27%.

  • The analyst sees the shares being at an “attractive entry point from a cyclical perspective.” An expected 2022-2023 inventory draw-down will provide positive free cash flow momentum, says Herbert, who sees normalized FCF at about $15 per share.

  • AAR Corp. (NYSE: AIR) initiated with an Outperform…

  • Read More