Boeing expects to burn cash next year as CEO says there's no quick fix for ailing planemaker
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Barclays Reiterates Equalweight Rating on Boeing (BA)
October 24, 2024 5:40 AM EDTBarclays analyst David Strauss reiterated an Equalweight rating and $190.00 price target on Boeing (NYSE: BA).
The analyst comments "While at this point its difficult to label any forecast that BA provides as conservative, we view the company signaling a further cash burn through 2025 as a pragmatic approach by new CEO Kelly Ortberg. To us, this accomplishes two key things. First, we think this sets the stage for a slightly larger than expected equity raise and at this point we view bigger as better. Second, we think... More
