On Oct 02, major Wall Street analysts update their ratings for $Boeing (BA.US)$, with price targets ranging from $110 to $235.
J.P. Morgan analyst Seth Seifman maintains with a buy rating, and maintains the target price at $235.
UBS analyst Gavin Parsons maintains with a buy rating, and adjusts the target price from $240 to $220.
Wells Fargo analyst Sarah Akers maintains with a sell rating, and adjusts the target price from $119 to $110.
TD Cowen analyst Cai von Rumohr maintains with a buy rating, and adjusts the target price from $230 to $200.
Furthermore, according to the comprehensive report, the opinions of $Boeing (BA.US)$'s main analysts recently are as follows:
The company's investment grade rating could be at risk due to disruptions caused by IAM strikes. However, potential divestitures of non-core assets and equity are believed to mitigate this risk. Additionally, a significant recovery in deliveries and free cash flow is anticipated between 2025 and 2027.
The firm expresses caution regarding Boeing and General Dynamics heading into their Q3 results. It is noted that Boeing's Q3 free cash flow forecast has been adjusted due to the strike and a reduced rate of inventory liquidation. Looking ahead, it is anticipated that Boeing may not achieve a production rate of 38 per month on the 737 until the latter half of 2025, as the company is currently moderating its supplier pacing.
Here are the latest investment ratings and price targets for $Boeing (BA.US)$ from 4 analysts:
Note:
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