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
€174.12
2.040%
Currently there is a rather positive sentiment for Boeing Co. with 48 Buy predictions and 9 Sell predictions.
With a target price of 202 € there is a slightly positive potential of 16.01% for Boeing Co. compared to the current price of 174.12 €.
