Why Boeing Stock Flew Higher Today
Boeing (NYSE: BA) stock soared 6.5% through 10:30 a.m. ET Wednesday morning after positive comments from CFO Brian West encouraged buyers to return to the stock.
Speaking at a Bank of America Global Industrials Conference, West delivered positive updates on Boeing's increasing 737 production and stabilizing production numbers of 787s, on cost-cutting, and free cash flow as well.
Boeing burned about $14 billion in cash last year, as The Wall Street Journal reports, but West says the company is "off to a good start for" 2025. Management feared Boeing would burn through another $4 billion in the first quarter, but West now says the actual number could be "hundreds of millions of dollars less than anticipated."
Source Fool.com
Boeing Co. Stock
€200.65
-0.720%
Currently there is a rather positive sentiment for Boeing Co. with 50 Buy predictions and 13 Sell predictions.
On the other hand, the target price of 192 € is below the current price of 200.65 € for Boeing Co., so the potential is actually -4.31%.
