Morgan Stanley Cuts Boeing Price Target to $195, Citing Slower-Than-Expected Cash Flow Recovery

Deep News10-28 20:30

On October 28, Morgan Stanley lowered its price target on Boeing from $225 to $195, while maintaining an "Equal Weight" rating.

Analyst Kristine Liwag noted that Boeing updated its free cash flow guidance in its third-quarter earnings report, pushing back the timeline for achieving $10 billion in annual free cash flow to 2029 — one year later than previously expected by the market.

This adjustment reflects the ongoing difficulties Boeing faces in ramping up aircraft production and resolving supply chain issues, which have caused cash flow recovery to lag expectations.

Boeing's third-quarter results also fell short of market expectations, with an adjusted loss per share of $0.34, wider than the expected $0.24. Revenue rose 4% year-over-year to $24.19 billion, below the anticipated $24.39 billion.

However, the company generated positive free cash flow of $464 million in the quarter, and commercial aircraft deliveries reached 161 units — the highest level since 2018.

Despite the improvement in deliveries, Morgan Stanley still believes that persistent challenges in production recovery will slow Boeing's cash flow growth, leading to the price target reduction.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1128684429?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-28 20:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1128684429","market":"other","top_or_hot":-1,"title":"Morgan Stanley Cuts Boeing Price Target to $195, Citing Slower-Than-Expected Cash Flow Recovery","media":"Deep News","content":"<p>On October 28, Morgan Stanley lowered its price target on <b>Boeing</b> from $225 to $195, while maintaining an \"Equal Weight\" rating.<br><br>Analyst Kristine Liwag noted that Boeing updated its free cash flow guidance in its third-quarter earnings report, pushing back the timeline for achieving $10 billion in annual free cash flow to 2029 — one year later than previously expected by the market.<br><br>This adjustment reflects the ongoing difficulties Boeing faces in ramping up aircraft production and resolving supply chain issues, which have caused cash flow recovery to lag expectations.<br><br>Boeing's third-quarter results also fell short of market expectations, with an adjusted loss per share of $0.34, wider than the expected $0.24. Revenue rose 4% year-over-year to $24.19 billion, below the anticipated $24.39 billion.<br><br>However, the company generated positive free cash flow of $464 million in the quarter, and commercial aircraft deliveries reached 161 units — the highest level since 2018.<br><br>Despite the improvement in deliveries, Morgan Stanley still believes that persistent challenges in production recovery will slow Boeing's cash flow growth, leading to the price target reduction.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley Cuts Boeing Price Target to $195, Citing Slower-Than-Expected Cash Flow Recovery</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley Cuts Boeing Price Target to $195, Citing Slower-Than-Expected Cash Flow Recovery\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-10-28 20:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On October 28, Morgan Stanley lowered its price target on <b>Boeing</b> from $225 to $195, while maintaining an \"Equal Weight\" rating.<br><br>Analyst Kristine Liwag noted that Boeing updated its free cash flow guidance in its third-quarter earnings report, pushing back the timeline for achieving $10 billion in annual free cash flow to 2029 — one year later than previously expected by the market.<br><br>This adjustment reflects the ongoing difficulties Boeing faces in ramping up aircraft production and resolving supply chain issues, which have caused cash flow recovery to lag expectations.<br><br>Boeing's third-quarter results also fell short of market expectations, with an adjusted loss per share of $0.34, wider than the expected $0.24. Revenue rose 4% year-over-year to $24.19 billion, below the anticipated $24.39 billion.<br><br>However, the company generated positive free cash flow of $464 million in the quarter, and commercial aircraft deliveries reached 161 units — the highest level since 2018.<br><br>Despite the improvement in deliveries, Morgan Stanley still believes that persistent challenges in production recovery will slow Boeing's cash flow growth, leading to the price target reduction.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0162691827.USD","symbol_name":"BGF US BASIC VALUE \"A4\" INC","start_time":0,"source_url":"","article_id":"1128684429","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128684429","pubTimestamp":1793190618,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"On October 28, Morgan Stanley lowered its price target on Boeing from $225 to $195, while maintaining an \"Equal Weight\" rating.Analyst Kristine Liwag noted that Boeing updated its free cash flow...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"159399":"现金流","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","JETU":"MAX Airlines 3X Leveraged ETN","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","PPA":"国防航太ETF-PowerShares","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","BK4516":"特朗普概念","ITA":"iShares Dow Jones U.S. Aerospace","BOEU":"2倍做多BA ETF-Direxion","BK4588":"碎股","BOEG":"2倍做多BA ETF-Leverage Shares","UUP":"美元ETF-PowerShares DB","BOED":"1倍做空BA ETF-Direxion","UDN":"做空美元指数-PowerShares","IDEF":"iShares Defense Industrials Active ETF","BK4551":"寇图资本持仓","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","NATO":"Themes Transatlantic Defense ETF","FOWF":"Pacer Solactive Whitney Future of Warfare ETF","BK4564":"太空概念","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4187":"航天航空与国防","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","MISL":"First Trust Indxx Aerospace & Defense ETF","BK4585":"ETF&股票定投概念","SPHQ":"Invesco S&P 500 Quality ETF","BA":"波音"},"translate_title":"摩根士丹利将波音目标价下调至 195 美元，理由是现金流恢复慢于预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159399":1,"PPA":1,"NATO":1,"ITA":1,"BA":1,"IDEF":1,"BOEG":1,"SPHQ":1,"BOEU":1,"JETU":1,"FOWF":1,"UUP":1,"MISL":1,"BOED":1,"UDN":1},"content_text":"On October 28, Morgan Stanley lowered its price target on Boeing from $225 to $195, while maintaining an \"Equal Weight\" rating.Analyst Kristine Liwag noted that Boeing updated its free cash flow guidance in its third-quarter earnings report, pushing back the timeline for achieving $10 billion in annual free cash flow to 2029 — one year later than previously expected by the market.This adjustment reflects the ongoing difficulties Boeing faces in ramping up aircraft production and resolving supply chain issues, which have caused cash flow recovery to lag expectations.Boeing's third-quarter results also fell short of market expectations, with an adjusted loss per share of $0.34, wider than the expected $0.24. Revenue rose 4% year-over-year to $24.19 billion, below the anticipated $24.39 billion.However, the company generated positive free cash flow of $464 million in the quarter, and commercial aircraft deliveries reached 161 units — the highest level since 2018.Despite the improvement in deliveries, Morgan Stanley still believes that persistent challenges in production recovery will slow Boeing's cash flow growth, leading to the price target reduction.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1128684429","isCrawlerRequest":true}