Wells Fargo analyst Matthew Akers maintains $Boeing (BA.US)$ with a sell rating, and adjusts the target price from $119 to $110.
According to TipRanks data, the analyst has a success rate of 87.7% and a total average return of 28.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Boeing (BA.US)$'s main analysts recently are as follows:
The investment grade rating of Boeing is under threat due to the disruptions from the IAM strike, yet the risk may be counterbalanced by potential non-core divestitures and equity. Additionally, a strong recovery in deliveries and free cash flow is anticipated for the period of 2025-2027.
The firm expresses caution regarding Boeing and General Dynamics as we approach the Q3 results. The revision of Boeing's Q3 free cash flow forecast reflects the impact of the strike and a slower pace of inventory liquidation. Looking ahead, it is projected that Boeing will not achieve a production rate of 38 per month for the 737 model until the second half of 2025, in light of the current slowdown in supplier activity.
Note:
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