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In a significant show of renewed faith, embattled aerospace giant Boeing has received a much-needed boost from investment firm Redburn Atlantic, which upgraded the company’s stock from “Neutral” to a “Buy” rating. The firm believes the worst may finally be over for Boeing and sees a “healthier” company emerging from its recent period of intense crisis.

Redburn Atlantic set an ambitious new price target of $240 for Boeing’s stock, a substantial increase from its current trading levels. This optimism is largely pinned on the company’s impending leadership change. With incoming CEO Stephanie Pope set to take over, analysts expect a renewed and disciplined focus on stabilizing production and fixing the deep-seated quality control issues that have plagued the manufacturer.

This vote of confidence comes after a brutal year for Boeing. The company has been under a microscope following the January incident where a door plug blew off an Alaska Airlines 737 MAX mid-flight. The event triggered intense scrutiny from the Federal Aviation Administration (FAA), leading to production caps, multiple investigations, and a stock price that has plummeted by over 30% this year.

However, Redburn’s analysts see this painful period of regulatory oversight as a necessary “de-risking” event. They argue that the forced changes will ultimately lead to more stable and predictable production of its key 737 and 787 aircraft.

The firm projects that as Boeing gets its house in order, it is on a clear path to generating significant free cash flow—potentially reaching $13 billion by 2026. This positive outlook suggests that for investors willing to look past the current turmoil, the foundational strength of Boeing’s market position in a duopoly with Airbus presents a compelling long-term opportunity.

Read More: Boeing Stock Gets Vote of Confidence as Analyst Upgrades to “Buy,” Seeing a “Healthier” Company Ahead