Financial analysts are concerned about the future of Boeing after two years of financial hardship. Boeing has struggled financially as a result of the. international grounding of the 737 Max fleet and the ongoing coronavirus pandemic.
According to a report by the Street, financial analysts are forecasting a downward trend in the price of Boeing stock due to multiple factors that have hindered the manufacturer’s growth over the past two years.
Bernstein analyst Douglas Harned argued that low sales of the Boeing 787 fleet have led to decreased financial expectations for the largest American aircraft manager.
“Recently, the 787 has come under more pressure, which we do not believe the market fully appreciates.” Harned said, “we lower our 2020-21 free-cash flow estimates.”
Harned attributed Boeing’s weak forecast to the lack of aircraft deliveries in November and December. “This did not happen. We saw only one delivery in December and none