Boeing's Cash Flow Goals Pressured as Wells Fargo Downgrades BA Stock Outlook
Tuesday, 3 September 2024, 11:26
Boeing's Cash Flow Goals Under Pressure
Boeing's recent cash flow targets are at risk following a downgrade from Wells Fargo. Lead analyst Matthew Akers has moved BA stock from Equal-Weight to Underweight, slashing the target price from $185 to $119.
Market Reaction Following Downgrade
With this new outlook, Boeing’s shares plummeted over 8%, raising concerns among investors regarding the company's immediate financial health.
- Previous Price Target: $185
- New Price Target: $119
- Share Price Drop: Over 8%
What Analysts Are Saying
This downgrade marks a significant shift in market sentiment towards Boeing, indicating broader challenges within the aerospace sector.
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