Why Boeing Stock Flew Higher Today
Boeing (NYSE: BA) stock soared 6.5% through 10:30 a.m. ET Wednesday morning after positive comments from CFO Brian West encouraged buyers to return to the stock.
Speaking at a Bank of America Global Industrials Conference, West delivered positive updates on Boeing's increasing 737 production and stabilizing production numbers of 787s, on cost-cutting, and free cash flow as well.
Boeing burned about $14 billion in cash last year, as The Wall Street Journal reports, but West says the company is "off to a good start for" 2025. Management feared Boeing would burn through another $4 billion in the first quarter, but West now says the actual number could be "hundreds of millions of dollars less than anticipated."
Source Fool.com
Boeing Co. Stock
€203.30
-2.460%
Our community is currently high on Boeing Co. with 50 Buy predictions and 9 Sell predictions.
As a result the target price of 208 € shows a slightly positive potential of 2.31% compared to the current price of 203.3 € for Boeing Co..
