BofA Looking for Boeing to ‘Set the Record Straight’
2022.10.11 15:59
BofA Looking for Boeing to ‘Set the Record Straight’
Budrigannews.com – Ahead of Boeing’s (NYSE:) investor day, which is scheduled for November 1, a few days after its third-quarter earnings announcement, BofA analysts said the firm is looking for BA to take the opportunity to set the record straight.
BofA currently has a Neutral rating and a $175 price target on Boeing shares. Analysts there wrote, “this will be Boeing’s first investor day meeting since the 737-Max crashes.”
“Since the last investor day, all segments have new leadership, many board roles have changed, and the HQ location has changed, but we are looking to see if the company itself has changed. We are looking for BA to take the opportunity to set the record straight and maybe reset with the investment community,” the analysts stated.
They said that BofA has identified 11 items that they and investors see as imperative for Boeing to address.
“The ‘checklist’ includes: China (C919 & Max certification), Max-10 program’s fate given the certification will not meet congress’ deadline, a capital deployment strategy, a sober supply chain assessment, deliveries & production rates, future BDS programs, the D.C. HQ moved, their role in the aftermarket, culture & talent retention, economics weakness in supply vs. demand, and finally Wisk and other next-gen technologies development efforts,” listed the analysts.
Boeing shares are down 0.9% Tuesday.
