Boeing Ba Stock Up Credit Suisse 777 Production Cuts
Boeing (ba) stock up, credit suisse: 777 production cuts coming credit suisse analysts expect boeing (ba) to lower its current 777 airliner production outlook of 80 new orders between now and 2018. Boeing co said on monday that it will cut production of its twin aisle 777 jetliner to five a month in august 2017, a 40 percent reduction from the current rate of 8.3 a month. Boeing jumps after job, output cuts reveal plan for virus era an analyst with credit suisse group ag. “so, solvency isn’t an issue.” the combined production rate for the 777 and 777x. Boeing (nyse:ba), on the back of two crashes, recently announced that it has cut its 737 production by 20%. while the airline has claimed that the issue is largely related to software, there are. Any 777 production rate cut might mean layoffs at boeing's factory in everett where the 777 is built. however, two months remain in the year and one order for 777s could change that landscape.
Boeing Stock Slides On Leaked Communication Downgrades On
Boeing co. is poised to cut 787 dreamliner output by about half and announce workforce reductions when it reports first quarter earnings next week, said people familiar with the plans. Credit suisse, which had stuck to its "outperform" rating since july 2017, downgraded the stock to "neutral" and cut its target price by $93 to $323, 6% below boeing's friday closing price of $344. At a production rate of seven per month, the 777 classic backlog of 170 will last two years, but that leaves boeing with no backlog until the 777x is in production beginning in 2020. the 777 300er. Top buyer emirates expects boeing 777x to miss 2021 debut target (bloomberg) boeing co.’s new 777x jet is likely to miss its planned debut next year, according to the aircraft’s top. Market cap (usd) 101.58 b book value per share 13.91 free float in % 98.99 cash flow per share 15.84.
Will Boeing Go Lower? #askhalftime
Boeing is likely to announce wednesday morning another production rate cut, this time for the 777 program, according to a senior executive with a 777 customer whom boeing consulted as it prepared. Following boeing co.’s (nyse: ba) disappointing 2016 forecast, the company finally announced a production rate cut to the current version of the 777 from 8.33 per month (100 per year) to seven. Boeing’s share price plunged by just over 5% monday morning, to a low of $371.86, before closing down 4.4% at $374.25, as markets weighed the implications of the cuts for an aircraft program. Boeing co may have to book billions of dollars in additional charges, two brokerages said on monday, following latest developments around the planemaker's grounded 737 max jet that calls into question the timing of the aircraft's return to service. credit suisse and ubs downgraded the stock. New york boeing's () get report price target was raised to $156 from $152 at credit suisse on thursday morning.the firm maintained its "neutral" rating on the stock. shares of boeing are up.