Here's What Boeing's Big News Means to Investors
's (NYSE: BA) CFO, Brian West, gave a compelling presentation during the Bank of America Global Industrials Conference on March 20, shedding light on the company's plans for 2024. However, before investing in Boeing's stock, it's vital to consider the current situation and its potential impact on the company's long-term growth. Therefore, it's crucial to understand the key takeaways from West's presentation and its significance for investors.
On Jan. 5, a panel on a Boeing plane blew out during an Alaska Airlines flight, which resulted in serious consequences. Apart from the FAA conducting audits into Boeing and fuselage supplier Spirit AeroSystems' (NYSE: SPR) production, the incident has led Boeing's management to reconsider its approach to operations. West's presentation highlighted four key points to consider.
First, West highlighted the need for a "step change improvement in how we think about traveled work." This refers to work that is delayed and/or finished in another location.
Source Fool.com
Boeing Co. Stock
Currently there is a rather positive sentiment for Boeing Co. with 30 Buy predictions and 5 Sell predictions.
With a target price of 233 € there is a positive potential of 49.05% for Boeing Co. compared to the current price of 156.32 €.
