26%, adding pressure to Boeing after shares gained Wednesday on easing labor concerns. • Boeing stock is facing resistance.
S. Labor Vote Runs Through Oct.
Voting began Thursday, Sept. 24, and runs through Thursday, Oct.
1, ahead of the current contracts’ Tuesday, Oct. The latest developments leave investors weighing strong aircraft demand against Boeing’s ability to convert its large backlog into production, deliveries and cash flow.
The 50-day moving average also remains below the 200-day average following a September death cross. Boeing would need to reclaim the $212-$216 resistance zone to strengthen the technical picture.
77. See More: Top Momentum Stocks Earnings, Analyst Outlook In FocusBoeing’s next estimated earnings report is scheduled for Oct.
47 loss a year earlier. Jefferies maintained a Buy rating while lowering its price target to $265 on Sept.
21. BofA Securities maintained a Buy rating with a $270 target on Sept.
18, while Argus Research upgraded Boeing to Buy with a $265 target on Aug. 50 at the time of publication on Thursday, according to Benzinga Pro data.
