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Boeing (BA) is expected to report results on its fiscal second quarter on Tuesday, July 29, with a conference call scheduled for 10:30 am EDT. What to watch for:

FORECAST: Boeing projects continued demand for aviation personnel as the global commercial fleet changes to meet the demands of the flying public. Boeing's 2025 Pilot and Technician Outlook anticipates the industry will require nearly 2.4 million new aviation professionals through 2044 to meet the long-term increase in air travel. Boeing, which released its annual 20-year forecast at EAA AirVenture Oshkosh, said commercial carriers will need substantial hiring and training to sustain the global commercial fleet, including: 660,000 pilots; 710,000 maintenance technicians; 1,000,000 cabin crew members. "As commercial air traffic demand continues to outpace economic growth and the global fleet expands to meet demand, our industry will keep the fleet flying safely and efficiently by supporting workforce development for carriers worldwide," said Chris Broom, vice president, Commercial Training Solutions, Boeing Global Services.

SECTOR RESILIENCE: Earlier this month, Morgan Stanley raised the firm's price target on Boeing to $235 from $200, while keeping an Equal Weight rating on the shares. Noting that Aerospace stocks are trading at record multiples, the firm contends that recent multiple expansion in Aerospace reflects sector resilience and adds that it expects industry dynamics to "largely remain on trend." Morgan Stanley, which adds in a Q2 preview for the group that the Aero supply chain continues to improve, Boeing output has momentum, and air traffic demand persists, continues to favor aerospace stocks with a mix of aftermarket and original equipment exposure.

JPMorgan also raised the firm's price target on Boeing to $230 from $200, keeping an Overweight rating on the shares. The firm updated the company's model ahead of the Q2 report. Strong deliveries support Boeing's Q2, JPMorgan told investors in a research note.

Susquehanna raised the firm's price target on Positive-rated Boeing to $265 from $252. On the Commercial front, Boeing 737 production, delivery levels, and orders are all showing improvement from year-ago levels. This improved stability is a favorable development for the entire Commercial supply chain.

Meanwhile, Bernstein raised the firm's price target on Boeing to $282 from $249 and maintained an Outperform rating on the shares ahead of quarterly results. The firm has added confidence in the ramps after discussions at the Paris Air Show and its Strategic Decisions Conference. Bernstein raises its outlook for Boeing Defense, Space & Security Systems and for Boeing Global Services. Preliminary findings on the Air India crash are positive for Boeing, with no indication of issues related to the 787 itself.

OUTLOOK: According to current consensus data from Yahoo Finance, Boeing is expected to report Q2 losses per share of ($1.31) and Q1 revenue of $21.72B.

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