Boeing Should Pick Up Aircraft Production Soon After Strike End, Analyst Says
Portfolio Pulse from Michael Juliano
Boeing is expected to quickly ramp up aircraft production after a strike ends, according to Goldman Sachs analyst Noah Poponak. The strike, involving 33,000 workers, affects production of key Boeing models. Poponak suggests Boeing may raise $12 billion in equity to maintain its credit rating and cash flow. Despite challenges, the analyst maintains a 'Buy' rating on Boeing due to attractive long-term fundamentals.
September 24, 2024 | 11:13 pm
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Boeing is expected to quickly resume aircraft production after the strike ends. Analyst suggests a $12 billion equity raise to maintain credit rating and cash flow. Despite current challenges, Boeing is rated 'Buy' due to attractive long-term fundamentals.
The strike's resolution is expected soon, allowing Boeing to resume production, which is positive for short-term operations. The potential $12 billion equity raise is aimed at maintaining financial stability, which is crucial for investor confidence. The 'Buy' rating reflects positive long-term prospects despite current challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100