Boeing price target lowered to $195 from $235 at JPMorgan

JPMorgan analyst Seth Seifman lowered the firm’s price target on Boeing to $195 from $235 and keeps an Overweight rating on the shares. With Friday’s preannouncement, the forecast from there “requires a number of assumptions with few details and so the range of outcomes is wide,” the analyst tells investors in a research note. The firm says that with cash burn likely in the first half of 2025 and $4B of debt due as well, Boeing should need additional liquidity. JPMorgan does not know how Boeing will address its liquidity and maturity requirements but models a “placeholder” $15B equity raise.