- Bernstein analyst Douglas Harned lowered Boeing Co's BA price target to $269 (an upside of 23.7%) from $279 and maintained an Outperform rating on the shares ahead of quarterly results.
- Harned mentions that despite the potential for recovery in six months, Q3 results appear challenging for Boeing and Airbus SE EADSY, with issues by far the greatest at Boeing.
- The analyst argues that Boeing has two major issues, namely 787 deliveries remaining shut down and 737 MAX deliveries in Q3 in line with his model. The ramp-up still appears slightly slower than his projections.
- Also Read: Boeing's Stock Is Entering Do-Or-Die Time.
- Price Action: BA shares are trading higher by 0.56% at $217.18 on the last check Wednesday.
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