TD Cowen analyst Cai von Rumohr maintains $Boeing (BA.US)$ with a buy rating, and adjusts the target price from $230 to $200.
According to TipRanks data, the analyst has a success rate of 64.2% and a total average return of 9.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Boeing (BA.US)$'s main analysts recently are as follows:
The recent disruptions from the IAM strike pose a threat to the company's investment grade rating. However, the potential for divestitures that are not central to the company's core operations, along with equity, are seen as covering this risk. Additionally, a strong recovery in deliveries and free cash flow is anticipated for the period from 2025 to 2027.
The firm expresses caution towards Boeing and General Dynamics ahead of the Q3 results. The forecast for Boeing's Q3 free cash flow has been lowered due to the strike and a reduction in inventory liquidation. Looking ahead, it's anticipated that Boeing will not reach a production level of 38 per month for the 737 until the latter half of 2025, as it is currently directing suppliers to slow down.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
