On ****, Guolonghui reported that Baird downgraded Boeing's target price from $300 to $240, stating that Boeing's dismal performance in the first half of 2024 reflected the market's peak pessimism, coupled with a large number of retail investors (holding more than 35% of Boeing stocks) selling due to headline news risks. The bank adjusted its 2024 delivery and FCF assumptions. Last week, Boeing's CFO said he expects the company's full-year free cash flow to be negative, partly due to delivery delays, while March's outlook was for low single-digit positive cash flow.
大行评级 | Baird：下调波音目标价至240美元 指市场消极情绪达到顶峰
Major bank assessment | Baird: Lowers target price for Boeing to $240, indicating that market negativity has reached its peak.
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