What's Going On With Boeing Stock?
Portfolio Pulse from Erica Kollmann
Boeing Company (NYSE:BA) shares are slightly up, despite being down over 30% YTD. A Reuters report indicates Boeing's suppliers improved on-time deliveries to 80% in 2023, but still below satisfactory levels. Bloomberg reports Boeing is considering selling two defense businesses to improve its balance sheet. Boeing is also in talks with Spirit Aerosystems Holdings, Inc. (NYSE:SPR) for a potential acquisition to address quality and manufacturing issues. Analysts have a mixed outlook on BA, with an average 12-month price target of $247.71.
March 19, 2024 | 5:33 pm
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POSITIVE IMPACT
Boeing's stock is slightly up, with supplier improvements and potential defense business sales. Analysts have a mixed outlook but see potential upside.
The slight increase in stock price, despite a challenging year, reflects positive developments like supplier improvements and potential strategic sales. Analysts' mixed but generally positive outlook suggests potential for further upside, influencing short-term performance positively.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Spirit Aerosystems is in talks with Boeing for a potential acquisition, aiming to address quality and manufacturing issues.
The discussions between Boeing and Spirit Aerosystems regarding a potential acquisition could signal strategic moves to address and rectify ongoing quality and manufacturing issues. This development could be viewed positively by investors, potentially impacting SPR's short-term stock performance.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 80