The Boeing Company (BA) continues to draw investor attention, despite ongoing challenges and wide market swings. Recent reports indicate an average rating of \"Moderate Buy\" for the aerospace and defense manufacturing powerhouse. There is also a notable dip in short interest by 5.7% in July. As the commercial deliveries declined by 32% year-on-year, the Q2 earnings fell below estimates causing a drop in stock prices. However, investors are urged to anticipate long-term gains post-2024, driven by an expected surge in free cash flow, as predicted by Goldman Sachs. Kelly Ortberg assumes the role as CEO amidst a backlog of quality crisis, and plans are underway to ramp up 737 production in H2. Also, the company has been downgraded by the Bank of America, which has increased market interest.
The news of Spirit AeroSystems' $8.3 billion acquisition has been marred by Boeing's drive for recovery and its plea agreement. Furthermore, worries about potential safety issues have increased after Boeing's Starliner and Aircraft experienced setbacks, and the firm pleaded guilty to fraud related to 737 Max crashes. However, consistent with their growth trajectory, Boeing secured a deal with Emirates for five 777 Freighters and delivered its first Grey Wolf helicopter.
Boeing Company BA News Analytics from Wed, 28 Feb 2024 08:00:00 GMT to Sun, 11 Aug 2024 06:17:14 GMT - Rating -2 - Innovation 4 - Information 7 - Rumor -3