Reported about 1 month ago
Wells Fargo has announced that Boeing's target for annual free cash flow of $10 billion might be postponed until 2027-28, leading to a stock downgrade. Analyst Matthew Akers highlighted the need for Boeing to raise $30 billion to address its significant debt before commencing new aircraft development. Following this news, Boeing's shares fell over 8%, approaching a two-year low, as the company continues to recover from past crises affecting its production.
Source: YAHOO