SUPERNEWS - NYSE:BA (Boeing Company (The)) Stock Price, News, Quote, History

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Pre-Market: Crypto Stocks Soar as Bitcoin Hits $71K, Boeing Faces Turbulence

Boeing's Stock Climbs; Analysts See Buy Opportunity

Boeing (BA) stock rose 2% after the FAA completed inspections on 40 grounded MAX 9 jets, signaling progress despite ongoing review. Analysts from Deutsche Bank and Jefferies maintain 'Buy' ratings with targets at $295 and $315 respectively, seeing the dip as a buying opportunity. - The MAX 9's grounding is seen as temporary and not expected to affect Boeing's projected 700 deliveries in 2024. ## FAA Progress Boosts Boeing Stock Boeing shares saw a 2% increase in early trading after the Federal Aviation Administration (FAA) announced it had completed inspections on 40 MAX 9 jets, out of the total 171 grounded. However, this does not mean they will return to service immediately. The FAA will review data from these inspections and require an approved inspection and maintenance process before allowing future operation of the grounded aircraft. ## Analyst Ratings & Price Targets Deutsche Bank analyst Scott Deuschle sees Boeing's recent drop as a buying opportunity, with downside risk capped at $180 and upside potential to their target price of $295. He rates shares at Buy. Jefferies analyst Sheila Kahyaoglu also rates shares at Buy with a price target of $315, emphasizing that the delay in production due to grounding is temporary. ## Impact on Production & Deliveries The MAX 9 accounts for only about 30 out of the expected 700 deliveries for Boeing in 2024, indicating that it is a relatively low-volume product for the company. Despite concerns over when the FAA will complete its review and allow planes back into service, analysts remain optimistic about Boeing's long-term prospects following this recent dip in stock price. ## STREET VIEWS - Deutsche Bank analyst Scott Deuschle (**Bullish** on Boeing): > "While we still see downside risk from additional negative headlines, we think it’s likely capped at $180, and we see upside to our 12-month target price of $295." - Jefferies analyst Sheila Kahyaoglu (**Bullish** on Boeing): > "Boeing has added quality inspectors and that 2024 737 MAX 9 production shouldn’t be impacted by the grounding. The delay, while serious, is only temporary." <div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.barrons.com/articles/boeing-stock-faa-max-9-a4816992" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [1]  </div> <span> Boeing Stock Gets a Boost After FAA Wraps Up Some Work    </span> <span class="MuiTouchRipple-root"></span> </a> </div><div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.barrons.com/articles/boeing-737-max-supplier-bold-buy-stock-ec43d295" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [2]  </div> <span> Boeing 737 MAX Supplier Gets a Bold New Buy Rating. Spirit AeroStystems Stock Jumps.    </span> <span class="MuiTouchRipple-root"></span> </a> </div><div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.barrons.com/articles/stock-market-shock-tina-fomo-vix-boeing-d13eccfa" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [3]  </div> <span> Investors Can Learn From Boeing’s Jet Door Blowout. How to Handle a Big Shock.    </span> <span class="MuiTouchRipple-root"></span> </a> </div>

1/17, 12:03 EST

Subway Acquisition Supported by $5 Billion Whole Business Securitization Deal

Banks seek investors for Roark's $5 billion Subway buyout via whole business securitization, marking a significant financing move.

5/7, 00:35 EDT

Business Leaders Push for Police Presence at Columbia University Amid Israel-Hamas Conflict Tensions

Police arrest protesters at Penn and Chicago campuses amid escalating IsraelHamas tensions.

5/17, 23:59 EDT

Goldman Sachs Hires JPMorgan's Bryon Lake to Boost ETF Business

Goldman Sachs hires JPMorgan's ETF star Bryon Lake, signaling a major leadership shift in the ETF industry.

5/1, 21:20 EDT

Pre-Market: Crypto Stocks Soar as Bitcoin Hits $71K, Boeing Faces Turbulence

4/8, 07:59 EDT

Boeing's Stock Climbs; Analysts See Buy Opportunity

1/17, 12:03 EST

Subway Acquisition Supported by $5 Billion Whole Business Securitization Deal

5/7, 00:35 EDT

BA News

Nvidia CEO Highlights Dell Partnership Amid $2.9B AI Server Backlog

8 hours ago

Michael Dell Predicts AI PCs with Qualcomm Chips Standard by 2025

11 hours ago

Boeing, Airbus Collaborate with Saudi Arabia on Metals Amid Saudia's 105-Jet Order

16 hours ago

British Land Sells 50% Meadowhall Stake to Norges Bank for £360 Million

21 hours ago

Business Leaders Push for Police Presence at Columbia University Amid Israel-Hamas Conflict Tensions

5/17, 23:59 EDT

Tepper's Appaloosa Ups Bet on China Tech, Alibaba Top Pick

5/15, 17:33 EDT

"Meme Stocks Soar, Home Depot Earnings Eyed"

5/13, 18:58 EDT

Spirit AeroSystems Faces $617M Loss, Boeing Reacquisition Talks

5/7, 12:18 EDT

Ryanair Cuts Summer Fare Hike to 0-5%, Stocks Dip

5/7, 10:25 EDT

Subway Acquisition Supported by $5 Billion Whole Business Securitization Deal

5/7, 00:35 EDT

FAA Probes Boeing, 787 Inspections in Question

5/6, 17:47 EDT

ISS Urges No Vote on Boeing CEO's $32.8M Pay Amid Stock Fall

5/4, 13:34 EDT

ISS Opposes Boeing CEO's $32.8M Pay Amid Stock, Safety Woes

5/4, 11:25 EDT

Goldman Sachs Hires JPMorgan's Bryon Lake to Boost ETF Business

5/1, 21:20 EDT

Citi's Top Biotech Picks in $2.9B Market, Ionis Gets 50% Upside

4/30, 19:34 EDT

British Investor Flips Miami Beach Home for $23.9M Amid Interest

4/30, 17:10 EDT

Hillwood Secures 34-Acre Site, Boosts DFW Portfolio

4/29, 13:49 EDT

Turkish Airlines Delays Boeing Orders, Eyes 800 Fleet by 2033

4/29, 11:45 EDT

Boeing to Issue Bonds Amid $3.9B Cash Burn, Credit Downgrade

4/29, 09:14 EDT

Earnings Beat Estimates by 5.6%, S&P 500 Adjusts Amid Rate Hikes

4/29, 08:59 EDT

Boeing's Outlook Darkens, Fitch Joins S&P and Moody's

4/26, 18:01 EDT

Air China Orders 100 C919 Jets Amid $235M Loss, Eyes Fleet Growth

4/26, 08:40 EDT

Boeing's $4B Cash Burn Calls for Gov Support

4/26, 06:25 EDT

Airbus A350 Production to 12/Month, Outdoes Boeing

4/25, 12:13 EDT

Meta Dips 15% on AI Spend, Tesla Up 12% with AI Hopes

4/25, 11:14 EDT

Meta's AI Bet Dips 12.7%, Tesla Rises on Musk's Vision

4/25, 07:02 EDT

Boeing Slowdown Hits Airlines, Fewer 737 Max Deliveries

4/25, 00:05 EDT

Boeing Nears Junk Status, Moody’s Cites Challenges

4/24, 14:39 EDT

Boeing Q1 Loss Down to $343M, Plane Sales Dip 30.6%

4/24, 12:37 EDT

Boeing Q1 $3.93B Cash Outflow, Door Incident, Shares Up 4.2%

4/24, 08:56 EDT

Wall Street Views

Vertical Research Partners

Rob Stallard, 5/7/24

Neutral on

“The death throes of Spirit are hard to watch. Ultimately we don’t expect Spirit to be a public company for that much longer.”

Christopher Suh

Visa’s CFO, 4/29/24

Neutral on

AXP

CAT

“Consumer spend across all segments from low to high spend has remained relatively stable. Our data does not indicate any meaningful behavior change across consumer segments.”

Stephen Squeri

American Express’ CEO, 4/29/24

Neutral on

AXP

CAT

“Consumer spending is relatively strong.”

Earnings Scout

Nick Raich, 4/29/24

Neutral on

AXP

CAT

“While raised estimates are generally positive, it’s worth noting that most of this improvement is coming from Energy companies due to increased geopolitical risk.”

TD Cowen

Helane Becker, 4/25/24

Neutral on

ALK

RYAAY

“Boeing’s delivery delays plus the grounding of planes powered by defective Pratt & Whitney geared turbofan engines, could combine with strong demand for air travel to drive fares higher starting in mid-May.”