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Fly News Breaks for February 12, 2016
BA
Feb 12, 2016 | 06:30 EDT
JPMorgan analyst Seth Seifman downgraded Boeing to Neutral after Bloomberg reported of an SEC probe into program accounting on the 787 and 747. The chief risk, albeit unlikely, is impaired 787 cash flow expectations, Seifman tells investors in a research note. He views 787 cash flow as central to his investment case. The analyst cut his price target for Boeing shares to $120 from $142. The stock closed yesterday down 7% to $108.45.
News For BA From the Last 2 Days
BA
Apr 25, 2024 | 06:42 EDT
Citi lowered the firm's price target on Boeing to $224 from $252 and keeps a Buy rating on the shares. The company's Q1 results were better than expected, but "it's clear there is much left to do," the analyst tells investors in a research note. The firm believes Boeing "will come through this healthier than before." This should position it well to take advantage of its duopoly position in commercial aerospace at a time when backlogs stretch out for roughly a decade and customers are clamoring for new aircraft, contends Citi.
BA
Apr 24, 2024 | 16:14 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
BA
Apr 24, 2024 | 08:50 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
BA
Apr 24, 2024 | 07:30 EDT
Reports Q1 revenue $16.6B, consensus $15.22B. "Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," said Dave Calhoun, Boeing president and CEO. "We will take the time necessary to strengthen our quality and safety management systems and this work will position us for a stronger and more stable future."