Jefferies analyst Sheila Kahyaoglu maintains $Boeing (BA.US)$ with a buy rating, and maintains the target price at $240.
According to TipRanks data, the analyst has a success rate of 63.1% and a total average return of 11.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Boeing (BA.US)$'s main analysts recently are as follows:
The most critical forthcoming action for Boeing, with significance for both the immediate future and sustained well-being of the company and its supply chain, hinges on resolving the strike and escalating MAX production. Upon the removal of current impediments, it is anticipated that the market will recognize the substantial long-term earnings potential inherent in this two-player industry, contingent on sustained demand for new aircraft.
The firm noted that Boeing's third quarter results of 2024 indicate a subdued performance at its Commercial Airplanes segment as anticipated, alongside increasing losses at its Defense, Space & Security segment due to the ongoing IAM strike, which saw a 64% vote against the latest proposal, potentially delaying a resolution until November.
Concerns for Boeing have intensified as the company's union has declined the most recent contract proposal, prolonging the strike and likely impacting Q4 deliveries and cash flow. Additionally, disclosures from the Q3 earnings call suggest a potential increase in the need for capital.
Note:
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