The Boeing Company (NYSE:BA) has seen institutional investors, including
National Pension Service and
MeadowBrook Investment Advisors LLC, purchasing shares despite overall market turbulence. This includes rating changes, with the share gaining a consensus recommendation of 'Moderate Buy' from brokerages. A contract from the
U.S. Air Force worth $499M has been secured. Nevertheless, possible safety claims about the 737 are said to be under investigation by
SEC. This, coupled with lower defense deliveries predictions and continuous issues with 787 safety inspections, has contributed to stock volatility.
Q3 earnings outperformed estimates, but revenues dipped year-over-year. Defense deliveries are expected to negatively impact Q1 earnings as well. There's been an interesting debate about
Warren Buffet potentially investing in the company. Stock value fell due to 737 Max grounding, but there are optimistic perspectives asserting that the stock may be undervalued and will bounce back. Despite setbacks, the company managed to secure a deal to aid F/A-18 and EA-18G aircraft.
Boeing Company BA News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Thu, 09 May 2024 20:27:49 GMT -
Rating -1
- Innovation -2
- Information 3
- Rumor -3
