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Wells Fargo has raised its price target for Boeing from $103 to $113. This adjustment reflects the bank's updated outlook on the aerospace giant's performance in the market.
Wells Fargo has adjusted its price target on Boeing to $113 from $103 while maintaining an underweight rating. Boeing, a leader in aeronautical construction, generates net sales primarily from defense, space, and security (35.8%), commercial aviation (34.3%), and various services (29.9%). Geographically, 54% of sales come from the United States, followed by Asia (17.9%) and Europe (13%).
Citigroup and Apollo Global Management are testing their $25bn private credit partnership by offering financing for the sale of Boeing’s Jeppesen navigation unit, which is expected to attract bids around $7bn. The financing, known as private staple financing, combines Citigroup’s M&A advisory with Apollo’s capital, potentially providing $3bn to $3.5bn in debt support. The deal has progressed to the second round of bidding, with interest from several corporate buyers and private equity firms.
Dubai Aerospace Enterprise (DAE) has finalized agreements to acquire 17 next-generation aircraft for around $1 billion, with 89% being narrow-body models. The fleet will predominantly feature 80% Airbus and 20% Boeing aircraft, currently leased to 11 airlines across 10 countries. This acquisition is set to lower DAE’s average passenger fleet age to 6.9 years and extend the average lease term to 6.6 years, enhancing the company's growth strategy amid ongoing delivery delays.
AmCham Kuwait, in partnership with DHL Express and other strategic allies, launched the "Kuwait 4SMEs" initiative with the event "Scaling Locally, Expanding Globally." This forum provided SMEs and startups with strategies and insights for local growth and global expansion, featuring expert presentations and a panel discussion on essential growth strategies.The initiative, aligned with Kuwait's Vision 2035, will continue through 2025, offering resources and networking opportunities while addressing topics like digital transformation and sustainable business practices.
Elon Musk's involvement with the Pentagon raises concerns over conflicts of interest and the Defense Department's ongoing accounting issues, which have never passed an audit. With a budget of $850 billion, the Pentagon faces rampant price gouging by contractors and a lack of oversight, prompting calls for reform. As investigations reveal significant waste, experts emphasize the need for transparency to ensure taxpayer dollars are spent wisely.
UBS has maintained a "Buy" rating for Boeing, setting a price target of $217. Analyst Gavin Parsons noted that the company delivered more Max and 787 aircraft in January compared to the same month last year, with a slight increase in the order backlog year-over-year.
Boeing Co. leads the global aircraft construction market, with net sales divided into commercial aviation (43.5%), defense, space, and security (32%), and various services (24.5%). Geographically, 58.4% of sales come from the U.S., followed by Europe (13.5%) and Asia (12.9%).
UBS has maintained a Buy rating for Boeing Co, the global leader in aeronautical construction. The company's net sales are divided into commercial aviation (43.5%), defense, space, and security (32%), and services (24.5%), with the majority of sales generated in the United States (58.4%).
UBS has maintained a "Buy" rating for Boeing, setting a target price of $217. Analyst Gavin Parsons noted a significant increase in first flights of the Boeing 736 Max, with 25 recorded in January, following 4 in October, 10 in November, and 21 in December.
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