BofA on NASA, Boeing (BA), and SpaceX Following Astronauts Abandonment: 'Using SpaceX is “easiest” and possibly safest'

Jefferies on Boeing (BA) Losses From Abandoned Astronauts: 'the losses contribute to our BDS FCF outflow of $2BB and $1.4BB '24/'25"

August 26, 2024 12:26 PM EDT

Jefferies analyst Shelia Kahyaoglu reiterated a Buy rating and $270.00 price target on Boeing (NYSE: BA)

The analyst comments "NASA Decides On Empty Return for Starliner. NASA has decided that Astronauts Butch Wilmore and Suni Williams will return to earth on a SpaceX Dragon Capsule in February. This follows a June 6th mission on a Boeing Starliner spacecraft that was intended to last eight days. The Starliner will return to earth empty in the coming weeks given identified helium leaks and issues with the spacecraft's reaction control thrusters during the initial mission. NASA... More

Analysts weigh in on implications of NASA's Starliner decision for Boeing

August 26, 2024 6:20 AM EDT

NASA's recent decision to bring Boeing's (NYSE: BA) Starliner spacecraft back to Earth without its astronaut crew has raised concerns about the company's space program.

The two astronauts, who will now return aboard SpaceX's Dragon capsule, were originally scheduled to return on the Starliner.

Analysts believe this decision could have significant implications for... More

SpaceX tapped to bring NASA astronauts home from Boeing’s troubled Starliner

August 26, 2024 4:49 AM EDT

Investing.com-- NASA said that its two astronauts stranded in the International Space Station will come home in a SpaceX craft in early-2025, while the Boeing (NYSE: BA) craft that carried them to the station will return without crew. 

Astronauts Butch Wilmore and Sunita Williams will stay on the ISS until February 2025, before flying home in a SpaceX... More

Futures little changed, rate cut hopes and Nvida earnings - what's moving markets

August 26, 2024 4:47 AM EDT

Investing.com -- U.S. futures remain subdued on Monday at the start of a week which will bring Nvidia (NASDAQ: NVDA) earnings and inflation data that will likely cement expectations for September rate cuts.

1. Futures little changed with markets near records

U.S. stock futures were little changed on Monday as markets hovered near record highs after the Federal Reserve gave a clear signal that the long-awaited start of rate cuts would come next month.

By 03:48 ET (07:48 GMT), the Dow futures contract and... More

Seaport Global Securities Takeaways on Boeing (BA) Following Seaport 2024 Investor Conference

August 23, 2024 10:11 AM EDT

Seaport Global Securities analyst Richard Safran reiterated a Buy rating and $207.00 price target on Boeing (NYSE: BA).

The analyst comments "New CEO Kelly Ortberg is in his first week at BA. Already announced is that he will be headquartered in Seattle and proximate to commercial production. His current activities are mostly facility visits and getting the lay of the land. He's met with some of BA's largest customers as well as representatives of the IAM union (which we'll discuss again below). BA made clear that Kelly's priority is to rebuild relationships and trust with... More

TD Cowen Reiterates Buy Rating on Boeing (BA)

August 22, 2024 7:29 AM EDT

TD Cowen analyst Cai von Rumohr reiterated a Buy rating and $230.00 price target on Boeing (NYSE: BA).

The analyst commented, "We expect more noise from the IAM as contract negotiations approach the 9/12 contract expiration. Given the supply chain's fragility, there's... More