Form 10-Q BOEING CO For: Jun 30

Go back to Form 10-Q BOEING CO For: Jun 30

Is there an equity raise in Boeing’s future?

August 1, 2024 4:00 PM EDT

Boeing's (NYSE: BA) recent second-quarter results have sparked discussions by analysts at Morgan Stanley about a potential equity raise as the company faces significant financial challenges.

For Q2 2024, Boeing reported total revenues of $16.9 billion, a 15% decline year-over-year, falling short of Bloomberg's estimate of $17.5 billion. The company also posted a larger-than-expected free cash flow (FCF) burn of $4.3 billion, aligning with... More

Challenges remain for Boeing despite new CEO announcement: Morgan Stanley

August 1, 2024 8:32 AM EDT

In a note to clients Thursday, Morgan Stanley analysts acknowledged the announcement of Boeing's (NYSE: BA) new CEO, Kelly Ortberg, but said that significant challenges and uncertainties persist for the company.

While the appointment provides some clarity on leadership, the analysts maintained an Equal-weight rating on Boeing.

"We remain Equal-weight as we continue to see a number of near-term challenges and uncertainties facing the company," wrote the... More

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