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.
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