From Morningstar:

Aircraft and munitions maker Boeing announced it will pause its 737 MAX assembly line expansion until the US Federal Aviation Administration certifies its planes are safe. Shares rallied over 5% after the earnings call on Jan 31st, 2024. Morningstar analyst Nicolas Owens explains the key takeaways and impact on Boeing’s stock value. Boeing’s timeline for recovery post-accidents and ESG score are also discussed. Owens indicates that Boeing’s fair value estimate has decreased due to delays in the 737 assembly line ramp up, which is now expected to contribute to the company’s profitability by 2027. Despite this setback, Boeing maintains a wide moat and competitive edge in the aircraft industry.



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