Bernstein Cuts Boeing Price Target To $278, Flags No Clear Visibility On Cash Flow
According to The Fly, Bernstein noted that Boeing has been recovering from a difficult 2018–2023 period marked by 737 MAX accidents, 787 structural nonconformities, certification delays and significant defense charges. The firm said Boeing’s challenges came on top of the aviation industry’s downturn during the COVID-19 pandemic in 2020 and 2021. Last week, TD Cowen … Read more