Stifel has lowered its price target on Boeing shares to $240 from $260 while maintaining a Buy rating. Despite beating expectations in the first quarter, Boeing faces challenges in its Commercial Airplanes division and is yet to name a new CEO. The firm believes the company’s estimates are nearing a low point, but a sustained rally is unlikely until a new CEO is announced. However, Stifel expresses optimism about Boeing’s future, citing robust demand for its products and the potential for a meaningful recovery once uncertainties clear.