Baird analyst Peter Arment lowered the firm’s price target on Boeing (BA) to $200 from $240 and keeps an Outperform rating on the shares. The firm said its 3Q24 results reflects weaker performance at BCA as expected, coupled with widening losses at BDS with the recovery on hold during the IAM strike, which voted 64% rejection of the latest offer moving the resolution likely into November.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BA:
- Boeing price target lowered to $86 from $109 at Wells Fargo
- JPMorgan not ruling out Boeing capital raise with strike continuing
- Boeing union says workers voted against latest contract offer
- Boeing shares fall 3% to $152.62 after union rejects contract offer
- Boeing’s Potential Acquisition of Spirit AeroSystems: Navigating Risks and Uncertainties