1 hour ago
Credit Suisse downgrades Boeing
After an underperforming rating for Boeing's shares and a $98 per-share price target for Boeing by Credit Suisse analysts, the company's stock tumbled about 1% ahead of Wednesday's open.
Credit Suisse forecasts are significantly worse than the Street, which is due to the fact that analysts consider the market "excessively optimistic about BDS profitability."
“While our forecasts may have upside potential if our assumption of Chinese order flow turns out to be wrong, we believe these earnings justify a consistently lower multiple taking into account their contribution to long-term sustainability and terminal value,” the analysts said.
Recommended
China shuns expensive LNG imports despite higher summer demand
28 minutes ago
Wall Street indexes dropped following Trump’s new tariffs on trading partners
47 minutes ago
US tariff policy hurts Canadian job prospects — Nanos Research
1 hour ago
BBVA launches Bitcoin and Ethereum trading services in Spain
1 hour ago
1 hour ago
Top news
1 hour ago
1 hour ago
Today at 6:13 AM
Today at 4:30 AM