From Financial Modeling Prep: 2024-10-21 14:59:00

Baird remains optimistic on Boeing, maintaining an Outperform rating with a $240 price target as the company faces significant events. Shares rose over 3% today.

Boeing and IAM 751 union reached a tentative contract agreement, with a crucial vote on Wednesday to potentially end a month-long strike affecting operations.

Boeing is set to release third-quarter financial results, expecting $17.8 billion in revenue. However, a GAAP loss per share of ($9.97) and negative operating cash flow of ($1.3) billion reflect financial strain from the strike and market pressures.

Analysts highlight the importance of upcoming developments for Boeing, including the union contract vote and financial results. Investors are eager to see how the company performs amidst ongoing challenges.



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