UBS analyst Gavin Parsons says the duration of the union strike will be the key risk factor to Boeing liquidity and the impact to production rates in both 2024 and beyond. With near-term liquidity concerns, UBS expects pressure on the stock until a deal is signed. Once complete, MAX production will resume ramping and the company can return to positive cash flow generation, the analyst tells investors in a research note. UBS keeps a Buy rating on Boeing with a $240 price target.
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