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:
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