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UBS has maintained a 'Buy' rating for Boeing, setting a target price of $215. Analyst Gavin Parsons noted that a new, higher offer to the union could impact free cash flow by approximately $600 million, while investors anticipate $15 billion in new capital primarily through new share issuance.
Boeing is facing significant financial challenges, with preliminary quarterly figures forecasting sales of $17.8 billion and a loss per share of around $10. Analysts have adjusted price targets, with UBS maintaining a "Buy" rating at $215, while RBC rates it "Outperform" at $200. Amid ongoing labor disputes, Boeing is offering a 35% pay increase to striking workers, as it considers selling underperforming parts of the company to raise cash.
UBS has maintained a "Buy" rating for Boeing, setting a price target of $215. Analyst Gavin Parsons noted that a new, higher offer to the union could impact free cash flow by approximately $600 million, while investors anticipate $15 billion in new capital primarily through share issuance.
Boeing has made a new offer to end the ongoing strike, proposing a 35% pay rise over four years, a $7,000 bonus, and increased pension contributions, but without continuing the old pension plan. Meanwhile, UBS is selling its 50% stake in Swisscard to American Express as part of its portfolio streamlining following the Credit Suisse acquisition. In economic news, the People's Bank of China has unexpectedly cut the Loan Prime Rate to stimulate the slowing economy.
Uber is considering a takeover of Expedia, which would mark its largest acquisition to date. Meanwhile, Hyundai Motor India's IPO is set to begin trading, but retail investor interest appears tepid. Additionally, a coalition of African oil-producing nations is seeking $5 billion for new projects, and Boeing's largest labor union is set to vote on ending a significant strike.
Intelsat 33e has broken up in geostationary orbit, losing power and ceasing communications for customers across Europe, Africa, and parts of Asia Pacific. The satellite, launched in 2016, was declared a total loss after an anomaly was detected, with around 57 pieces of debris now tracked. Intelsat is working to transition customers to other satellites while investigating the cause of the incident.
Boeing is grappling with significant financial challenges, forecasting sales of $17.8 billion and a loss per share of around $10 due to production issues and labor disputes. In response, the company is considering a capital increase of up to $25 billion and has secured a $10 billion credit line. However, potential major orders from Etihad Airways could bolster investor confidence and improve the company's outlook.
Boeing is grappling with significant financial challenges, including production issues and labor disputes, leading to a projected quarterly loss of around $10 per share and sales of $17.8 billion. In response, the company is considering a capital increase of up to $25 billion and has secured a $10 billion credit line. Despite these difficulties, potential major orders from Etihad Airways could bolster investor confidence and improve the company's outlook.
US indices are set for historic gains, with the S&P 500 and Dow Jones on track for their best run since late 2023. The ASX 200 reached a record high, driven by strong bank performance, while key economic indicators showed positive trends in retail sales and job growth.Looking ahead, significant events include the Reserve Bank of Australia's speech and the release of various PMIs in the US, Europe, and Japan, alongside the third-quarter earnings season featuring major companies like Tesla and Boeing.
Boeing, the global leader in aircraft construction, generates net sales primarily from commercial aviation (43.5%), defense, space, and security (32%), and various services (24.5%). Geographically, 58.4% of sales come from the United States, followed by Europe (13.5%) and Asia (12.9%).
The Boeing Company
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs maintains buy rating for boeing with target price of 215 dollars
11:28 21.10.2024
Boeing faces financial challenges amid labor disputes and stock price adjustments
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10:42 21.10.2024
UBS maintains buy rating for Boeing with price target of 215 dollars
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10:42 21.10.2024
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08:53 21.10.2024
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06:00 21.10.2024
intelsat 33e satellite breaks up in geostationary orbit causing service loss
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04:29 20.10.2024
Boeing faces financial challenges while seeking recovery through capital measures
09:22 19.10.2024
Boeing faces financial turmoil but eyes potential recovery with new orders
09:22 19.10.2024
us indices poised for gains as australian banks drive asx 200 higher
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05:47 18.10.2024
Boeing's Diverse Revenue Streams in Commercial and Defense Aviation Markets
10:22 17.10.2024
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