Boeing Stock Slumped in September, Here's Why
Share prices of aerospace and defense giant (NYSE: BA) declined 14.4% in September, according to data provided by S&P Global Market Intelligence. The drop was a reaction to CFO Brian West's disappointing presentation at the Jefferies Industrial Conference in early September. In a nutshell, the presentation highlighted the threats to Boeing's near- and medium-term guidance.
The two most essential things this airline stock can do to convince investors it's on the right track is to demonstrate it will hit its airplane delivery targets and overcome its margin issues in its defense business. Unfortunately, West's presentation raised doubts over both.
Starting with the Boeing commercial airplanes (BCA) segment and focusing on its key 737 narrowbody, Boeing has a target of 400-450 deliveries of 737s in 2023, and its medium-term target is to reach a production rate of 50 a month at some point in between 2025 and 2026.
Source Fool.com
Boeing Co. Aktie
Hohe Buy- und niedrige Sell-Zahlen bei Boeing Co. zeigen ein stark positives Sentiment.
Ein leicht positives Potenzial wird für Boeing Co. mit einem Kursziel von 230 € im Vergleich zu 206.55 € gesehen.
