Boeing names Kelly Ortberg CEO to steer turnaround as cash burn rises
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Challenges remain for Boeing despite new CEO announcement: Morgan Stanley
August 1, 2024 8:32 AM EDTIn a note to clients Thursday, Morgan Stanley analysts acknowledged the announcement of Boeing's (NYSE: BA) new CEO, Kelly Ortberg, but said that significant challenges and uncertainties persist for the company.
While the appointment provides some clarity on leadership, the analysts maintained an Equal-weight rating on Boeing.
"We remain Equal-weight as we continue to see a number of near-term challenges and uncertainties facing the company," wrote the... More
Boeing (BA) PT Raised to $220 at RBC Capital
August 1, 2024 6:32 AM EDTRBC Capital analyst Ken Herbert raised the price target on Boeing (NYSE: BA) to $220.00 (from $210.00) while maintaining a Outperform rating.
The analyst comments "Boeing (BA) reported largely in-line 2Q24 results, with a FCF usage of ($4.3B) and total segment margins of (4.5%). The defense... More
Boeing (BA) announces new CEO, posts wider-than-expected Q2 loss
July 31, 2024 7:52 AM EDT(Updated - July 31, 2024 9:43 AM EDT)
Despite reporting an earnings and revenue miss on Wednesday, Boeing (NYSE: BA) shares are up more than 2% after the company announced it had chosen Kelly Ortberg as its new President and CEO.
Ortberg will start in the role effective August 8, 2024, and will also serve on Boeing's board of directors.
Ortberg will succeed Dave Calhoun, who earlier this year announced his intention to retire from the company, having served as president and CEO since January 2020.
Ortberg has more than 35 years of aerospace leadership... More
