Boeing Reports $6B Q3 Loss: 'This Is The Bottom,' Says Analyst
Portfolio Pulse from Erica Kollmann
Boeing reported a $6 billion Q3 loss, its largest since 2020, amid a labor strike and turnaround efforts. Analysts suggest the strike is costing $50 million daily and emphasize the need to shore up the balance sheet. BofA maintains a Neutral rating with a $170 target, while RBC Capital reiterates an Outperform rating with a $200 target.
October 24, 2024 | 10:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Boeing reported a significant $6 billion Q3 loss, attributed to ongoing labor strikes and turnaround efforts. Analysts emphasize the importance of ending the strike and shoring up the balance sheet. BofA maintains a Neutral rating with a $170 target, while RBC Capital reiterates an Outperform rating with a $200 target.
Boeing's $6 billion loss is significant, driven by labor strikes and financial challenges. Analysts suggest the strike costs $50 million daily, impacting production and finances. BofA and RBC Capital's ratings reflect mixed sentiment, with a focus on resolving labor issues and improving the balance sheet.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100