Argus Downgrades Boeing (BA) to Hold Reluctantly, 'unique position in the U.S. economy and its impressive backlog of business.'

Boeing (BA) cut to Hold at Argus as turnaround opportunity 'multiple quarters in the future'

April 30, 2024 7:31 AM EDT

On Tuesday, Argus analysts downgraded shares of Boeing (NYSE: BA) to a Hold rating, a change from their previous Buy stance. The adjustment comes as Boeing's stock has shown a notable underperformance compared to the broader market in the recent quarter, with a 16% decline while the S&P 500 index has gained 5%.

The firm stated: "We have long viewed Boeing as a Special Situation, but, absent a CEO, the turnaround opportunity is now multiple quarters in the future."

The aerospace giant has... More

William Blair Pounds Table in Defense of Boeing (BA): 'We see greater than 15% upside over the next year'

April 30, 2024 7:03 AM EDT

William Blair analyst Louie DiPalma reiterated an Outperform rating and {REMOVEPT} price target on Boeing (NYSE: BA)

The analyst comments "The Seattle Times reported that Boeings board is now contemplating returning its headquarters to the Seattle area after being opposed to the move as recently as February. While we believe this... More

Boeing taps debt market to raise $10 billion, sources say

April 29, 2024 12:31 PM EDT

By Allison Lampert, Matt Tracy and Shankar Ramakrishnan

(Reuters) -Boeing on Monday tapped debt markets to raise $10 billion, after the U.S. planemaker burned $3.93 billion in free cash during the first quarter as production of its best-selling jet declined, sources familiar with the matter said.

Boeing shares rose 3.4% after the successful sale. Ratings agencies last week slashed the outlook on Boeing's credit to just above "junk" status. On Monday, both assigned ratings nearing junk to Boeing's new senior unsecured notes, with S&P assigning a BBB- rating and Moody's a Baa3 rating.

Boeing has been dealing with... More

Boeing (BA) Awarded Contract for Seven Additional MH-139A Helicopters

April 29, 2024 10:03 AM EDT

The U.S. Air Force has awarded Boeing a $178M contract to produce seven MH-139A aircraft and provide sustainment and training support. This order brings the total number of aircraft under contract to 26.

Building the Grey Wolf fleet and paving the way towards full rate production is a... More

Boeing (BA) Kicks Off Dollar Bond Sale After Reporting Cash Burn - Bloomberg

April 29, 2024 8:21 AM EDT

Boeing Kicks Off Dollar Bond Sale After Reporting Cash Burn - Bloomberg

... More

Turkish Airlines in discussions with Airbus and Boeing to purchase 235 planes - Reuters

April 29, 2024 6:53 AM EDT

Turkish Airlines is in talks with Airbus (OTC: EADSY) and Boeing (NYSE: BA) to purchase 235 planes for its expansion plans, according to a Reuters report Monday, citing the airline's Chairman Ahmet Bolat.

Turkish Airlines unveiled... More

Turkish Airlines in talks with Airbus, Boeing to buy 235 planes

April 29, 2024 6:23 AM EDT

By Ceyda Caglayan and Can Sezer

ISTANBUL (Reuters) - Turkish Airlines is negotiating with both Airbus and Boeing about buying 235 aircraft as part of its expansion plans, Chairman Ahmet Bolat said on Monday.

The airline's 10-year fleet plan, unveiled last year, shows it aims to expand by... More

Boeing (BA) Affirmed By Fitch; Outlook To Negative From Stable

April 26, 2024 2:26 PM EDT

Boeing (NYSE: BA) Affirmed By Fitch; Outlook To Negative From Stable

... More

Boeing (BA) PT Lowered to $175 at Wells Fargo

April 26, 2024 6:00 AM EDT

Wells Fargo analyst Matthew Akers lowered the price target on Boeing (NYSE: BA) to $175.00 (from $215.00) while maintaining a Equal Weight rating.... More