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0 0 0.00067458175930919 0.000539665407447275 0.00134916351861838 -0.000539665407447467 0.000358877495952536 -0.000269832703723638
Stock impact report

Boeing's cash flow goal to be delayed, says Wells Fargo as it downgrades stock [Yahoo! Finance]

AIRBUS SE UNSP/ADR (EADSY) 
NASDAQ:AMEX Investor Relations: otcmarkets.com/stock/eadsy/profile
Company Research Source: Yahoo! Finance
Shares of the Dow component fell more than 7% on Tuesday after lead analyst Matthew Akers pushed Boeing to "underweight" and trimmed the target price to $119, a 32% downside to the last closing price. "Boeing carries about $45 billion net debt and (it) must address this before it kicks off the next aircraft development cycle," Akers said, adding that cutting the debt would consume its cash flow through 2030. The planemaker is working to recover from a crisis sparked by a mid-air accident in January that led to regulatory curbs on its 737 MAX production, which has pressured its free cash flow. "Given a likely new aircraft launch in the next few years, Boeing will need to shore up the balance sheet sooner," said Akers, who is rated three out of five stars for estimate accuracy on LSEG Workspace. "We estimate a roughly $30 billion equity raise to get back to zero net debt by 2027." Boeing, whose shares have lost nearly 33.5% of their value this year, was not immediately availa Show less Read more
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