Boeing, the well-known American aerospace manufacturer, is currently facing financial difficulties, as indicated by its preliminary quarterly figures.
The company is projecting sales of approximately $17.8 billion and a loss per share of around $10. This has led to several financial institutions reassessing their valuations of Boeing's stock and making adjustments to their price targets.
Morgan Stanley has lowered its price target from $195 to $170, while Susquehanna Financial has revised its price target down from $230 to $210.
Despite these downgrades, some analysts still have a positive outlook on Boeing's stock.
UBS has reiterated its "Buy" rating with a target price of $215, and RBC has maintained an "Outperform" rating with a target price of $200.
In an effort to address its financial challenges, Boeing is considering selling parts of its business.
The company is also negotiating with striking workers, offering a pay increase of 35% over four years.
The outcome of these negotiations and strategic moves will greatly impact Boeing's future prospects.