On Oct 15, major Wall Street analysts update their ratings for $Boeing (BA.US)$, with price targets ranging from $109 to $240.
Morgan Stanley analyst Kristine Liwag maintains with a hold rating, and maintains the target price at $195.
J.P. Morgan analyst Seth Seifman maintains with a buy rating, and adjusts the target price from $235 to $195.
BofA Securities analyst Ronald Epstein maintains with a hold rating, and adjusts the target price from $200 to $170.
Citi analyst Jason Gursky maintains with a buy rating, and adjusts the target price from $224 to $209.
Barclays analyst David E. Strauss maintains with a hold rating, and maintains the target price at $190.
Furthermore, according to the comprehensive report, the opinions of $Boeing (BA.US)$'s main analysts recently are as follows:
After Boeing's preannouncement of Q3 results, observations were made that the revenue slightly surpassed estimates, the cash flow was notably better, but the earnings were substantially affected by charges in various programs both in the commercial and defense sectors. In response to these developments, the company has declared a 10% reduction in workforce and is initiating what appears to be a comprehensive reevaluation and downsizing of its products, programs, and business units aimed at simplifying its operations. While near-term cash flow projections have been raised, forecasts for the years 2025 and 2026 have been reduced due to the anticipated impact of the Q3 charges on future cash flows.
Following a recent preannouncement, the assessment of Boeing's financial forecast involves several assumptions with limited details, leading to a wide range of possible outcomes. It is anticipated that cash burn may occur in the first half of 2025, accompanied by a $4 billion debt maturity. Consequently, there is an expectation for the need for additional liquidity. While the specifics of how Boeing will manage its liquidity and debt obligations remain unclear, a hypothetical scenario has been modeled that includes a $15 billion equity raise.
The significant loss reported in Q3 is seen as a reflection of the new CEO's comprehensive strategy to revitalize Boeing.
Boeing's pre-announced Q3 results revealed a cash position that was $2B-$3B stronger than anticipated, which mitigates immediate cash concerns. Nevertheless, the view remains that a capital increase may be necessary in Q4.
Here are the latest investment ratings and price targets for $Boeing (BA.US)$ from 13 analysts:
Note:
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