Morgan Stanley analyst Kristine Liwag maintains $Boeing (BA.US)$ with a hold rating, and maintains the target price at $170.
According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Boeing (BA.US)$'s main analysts recently are as follows:
The key immediate and future priority for Boeing, as well as the well-being of the company and its suppliers, is to resolve the strike and escalate MAX production. Upon removing short-term uncertainties, the anticipation is that the market will recognize the substantial long-term earnings prospects of the business, assuming the demand for new aircraft continues to be strong.
The firm noted that Boeing's performance in the third quarter of 2024 was impacted as anticipated by a weaker showing at BCA, and was further exacerbated by growing losses at BDS. This situation was compounded by the halt in recovery efforts during the IAM strike, where a 64% majority voted against the latest proposal, potentially prolonging the dispute resolution into November.
Boeing's union has declined the recent contract proposal, continuing the strike and exerting pressure on fourth-quarter deliveries and cash flow. The third-quarter earnings discussion disclosed additional cash flow concerns, which may lead to an increased need for capital.
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