RBC Capital analyst Ken Herbert lowered the firm’s price target on Boeing to $200 from $210 and keeps a Sector Perform rating on the shares. The company’s Q3 results were “in line” and “better than feared”, but the firm’s confidence in free cash flow for 2024 is wavering amid Boeing’s outlook for flat sequential deliveries of 737 aircraft and negative margins in the Commercial business, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BA: