JPMorgan keeps an Overweight rating on Boeing (BA) after the company’s CFO Brian West appeared at an investor conference in London this morning. West provided more detail on the financial outlook for Q1, the full year and longer term, as well as color on a potential Spirit AeroSystems (SPR) deal and plans to reduce traveled work to shore up safety and quality, the analyst tells investors in a research note. The firm notes Boeing will burn $4.0-$4.5B of cash in Q1 and generate low-single-digit billions for the year. The company is still targeting $10B of cash, but later in time, with the commentary suggesting it will happen in 2026, rather than 2025, adds JPMorgan. The firm believes Boeing seems likely to buy Spirit using debt and cash.
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