Information Provided By:
Fly News Breaks for June 20, 2016
BA
Jun 20, 2016 | 08:18 EDT
Deutsche Bank analyst Myles Walton says the bear thesis on Boeing "continues to look overstated." The analyst cedes the bear point that the aerospace industry is late into an upcycle, but finds nearly all of the other concerns, including over narrow-body demand, 787 profit potential and the "obsession that a new plane is a bad thing" as overdone. The stock significantly under-owned, Walton tells investors in a research note. He keeps a Buy rating on Boeing with a $160 price target.
News For BA From the Last 2 Days
BA
Mar 28, 2024 | 06:35 EDT
Citi lowered the firm's price target on Boeing to $252 from $263 and keeps a Buy rating on the shares. The analyst says the fundamental outlook for commercial aerospace and Boeing has not changed as demand for new aircraft remains robust and there are only two major competitors that can fulfill it. While Boeing has stumbled on execution, this is not a permanent state, the analyst tells investors in a research note. Once fixed, Boeing's balance sheet repair will be the focus, as it should be, says Citi. The firm, however, sees no quick fix, and believes patience is required.
BA
Mar 26, 2024 | 13:45 EDT
Moody's placed the Baa2 senior unsecured rating and Prime-2 short-term rating of Boeing on review for downgrade. The rating outlook was previously stable. "Placing the ratings on review for downgrade follows Moody's belief that Boeing will be unable to deliver 737 narrow-body aircraft at the volumes required for it to materially expand its free cash flow and retire debt in a reasonable timeframe," the ratings agency said in a statement. The aftereffects of the door plug ejection on Alaska Airlines flight 1282 on January 6, and investments in components and parts inventory in an attempt to reduce travelled work in the production of 737s will result in about $4.5B of negative free cash flow in Q1, it points out. Moody's says Boeing's cash will fall well below $10B come March 31.
BA
Mar 26, 2024 | 13:17 EDT
Japan looks to collaborate with the private sector to develop a next-generation passenger aircraft, hoping to avoid the pitfalls that doomed Mitsubishi Heavy Industries' (MHVYF) SpaceJet by encouraging the participation of multiple companies and helping create technology standards, Nikkei's Riho Nagao reports. The project is expected to explore propulsion systems beyond jet engines that are mainstream now, including the development of hydrogen-combustion engines, the report says. Other publicly traded companies in the space include Boeing (BA) and Airbus (EADSY). Reference Link