(CercleFinance.com) – The title loses nearly 3% on the New York Stock Exchange after BofA analysis. The design office lowered its price target on Boeing on Monday, which it reduced from 245 to 220 dollars, due to the uncertainties surrounding the return to service of the 787 Dreamliner.
The financial intermediary – who maintains a ‘neutral’ opinion on the title of the aircraft manufacturer – explains fear of a new swelling of stocks and charges related to the aircraft, which still remains grounded.
BofA estimates that at the current production rate, i.e. two aircraft per month, a later return to service than expected would bring the number of aircraft in stock to 117 at the end of the first quarter of 2022, i.e. the equivalent of $ 13 billion in excess inventory just for the 787.
According to some press sources, Boeing would not consider returning the aircraft to service before April 1, 2022.
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