Boeing Struggles To Meet Production, FCF Growth Targets: Analysts Look Closer At Q3 Results
Portfolio Pulse from Priya Nigam
Boeing Co (NYSE:BA) reported its Q3 results, with a narrowed loss and FCF usage of ($310M). The company lowered its 2023 737 delivery guidance to 375-400. Analysts from RBC Capital Markets, Morgan Stanley, and Goldman Sachs have maintained their ratings but adjusted their price targets. Boeing's shares rose by 2.69% to $182.51 after the announcement.
October 26, 2023 | 6:53 pm
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Boeing reported Q3 results in line with expectations but lowered its 737 delivery guidance. Analysts maintain ratings but adjust price targets. Shares rose by 2.69%.
Boeing's Q3 results were in line with expectations, which is positive. However, the company lowered its 737 delivery guidance, which could be a concern for investors. Analysts have adjusted their price targets, indicating a mixed outlook. The stock rose after the announcement, suggesting a positive short-term reaction from the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100