Bernstein Views Boeing's Q3 Earnings As Challenging, Cuts Price Target By 3.5%

October 20, 2021 11:56 AM | 1 min read |

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.