DZ BANK AG analyst Robert Czerwensky maintains $Boeing (BA.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 60.5% and a total average return of 2.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Boeing (BA.US)$'s main analysts recently are as follows:
The pivotal next move for Boeing, crucial for the immediate and future well-being of the company and its suppliers, is to resolve the strike and commence the escalation of MAX production. Upon the resolution of short-term obstacles, anticipation is that the market will recognize the substantial long-term profit prospects of this two-party industry, assuming the demand for new aircraft continues to be vigorous.
The firm noted that Boeing's third-quarter results were indicative of a weaker performance in its Commercial Airplanes segment, as anticipated, and saw expanding losses in its Defense, Space & Security segment. The recovery is on pause due to the IAM strike, where there was a 64% vote against the latest proposal, pushing a likely resolution into November.
Boeing's union has turned down the most recent contract proposal, prolonging the strike and exerting additional strain on Q4 deliveries and cash flow. During the Q3 earnings discussion, more potential detriments to cash flow were disclosed, which could necessitate an increased capital infusion.
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