JPMorgan lowered the firm’s price target on Boeing (BA) to $240 from $251 and keeps an Overweight rating on the shares following the Q3 report. The firm says that while the 777X charge was at the very high end of expectations, the main reason Boeing shares underperformed yesterday was the pressure that emerged on 2026 cash flow expectations. JPMorgan, however, still expects a “meaningful multi-year ramp” of free cash flow to above $10B before the end of the decade.
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