Boeing: Jefferies cuts target price
(CercleFinance.com) - Jefferies believes that Boeing will have to draw heavily on its cash flow in 2021 and 2022, with outflows of 4.
7 billion and 4.4 billion dollars respectively.
The broker explains that aircraft manufacturers generally receive 40% of the contract amount as a pre-payment and receive the balance on aircraft delivery. In the meantime, Boeing must therefore resort to its cash flow.
Jefferies maintains its buy rating on the share, although has cut its target price to 235 dollars, against 270 dollars previously.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7 billion and 4.4 billion dollars respectively.
The broker explains that aircraft manufacturers generally receive 40% of the contract amount as a pre-payment and receive the balance on aircraft delivery. In the meantime, Boeing must therefore resort to its cash flow.
Jefferies maintains its buy rating on the share, although has cut its target price to 235 dollars, against 270 dollars previously.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.