Analysts are hopeful Boeing's executive shakeup should help the company and stock overall recover from ongoing safety concerns tied to the 737 Max. The company announced on Monday that CEO David Calhoun will step down at the end of the year after a myriad of safety issues and controversies during his tenure . In January, a door plug was blown off during an Alaska Airlines flight on a 737 Max 9 jet. Calhoun isn't the only high-level executive leaving.
We see the changes as the first right steps of removing the 'old guard', and making way for a new team which can work from a less sullied slate." TD Cowen TD Cowen has a buy rating on Boeing stock with a $230 per share price target, or 20% above Monday's close. "The key issue will be who they pick as BA's new CEO, but the fact that they are giving themselves time to do so likely is a plus," TD Cowen analyst Cai von Rumohr said.