Boeing Reports Second Quarter Results

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Go back to Boeing Reports Second Quarter Results

Boeing (BA) PT Raised to $220 at RBC Capital

August 1, 2024 6:32 AM EDT

RBC Capital analyst Ken Herbert raised the price target on Boeing (NYSE: BA) to $220.00 (from $210.00) while maintaining a Outperform rating.

The analyst comments "Boeing (BA) reported largely in-line 2Q24 results, with a FCF usage of ($4.3B) and total segment margins of (4.5%). The defense... More

Boeing (BA) announces new CEO, posts wider-than-expected Q2 loss

July 31, 2024 7:52 AM EDT

(Updated - July 31, 2024 9:43 AM EDT)

Despite reporting an earnings and revenue miss on Wednesday, Boeing (NYSE: BA) shares are up more than 2% after the company announced it had chosen Kelly Ortberg as its new President and CEO.

Ortberg will start in the role effective August 8, 2024, and will also serve on Boeing's board of directors.

Ortberg will succeed Dave Calhoun, who earlier this year announced his intention to retire from the company, having served as president and CEO since January 2020.

Ortberg has more than 35 years of aerospace leadership... More