Russell Investments Group and several other firms, including
Banco Santander and
US Bancorp, have sold substantial quantities of shares of
The Boeing Company (NYSE:BA). Despite disparity in market actions, street analysts have retained a bullish outlook on the aerospace and defense stock. The COO of Boeing suspects a rise in
737 production in the second half of FY22. Meanwhile, Boeing seems to magnetize investor attention positively with an
average price target set at $220.89. Additionally, Boeing made several deal closings, including a contract to supply
5 777 Freighters to Emirates and potentially acquiring back
Spirit AeroSystems for $8.3B. Interestingly, Union workers in Seattle have backed strike sanctions amid ongoing contract negotiations with the company. Furthermore,
Air-safety officials have scheduled two days of hearings about Boeing 737. Amidst these, Boeing's Q1 results surpassed estimates despite a Y/Y decline in revenues. At the same time, the company continues to burn through its cash reserves while
stock price sees daily fluctuations.
Boeing Company BA News Analytics from Wed, 25 Oct 2023 18:23:39 GMT to Sun, 21 Jul 2024 14:59:27 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -3
