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Search resuls for: "Poponak"


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☆ Goldman Sachs names Boeing its top aerospace stock, says orders should increase as air travel rebounds
  + stars: | 2022-12-14 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
A resurgence in air travel, and the need for new aircraft to meet growing demand, should benefit Boeing into the new year, according to Goldman Sachs. "We see substantial cyclical and long-term secular upside at Boeing and much of its supply chain," Poponak wrote. Against this backdrop, large commercial aircraft demand should remain strong as new orders hover near record levels. Boeing should also benefit from normalization in free cash flows within the $20-a-share range by the middle of the decade, according to Poponak. Goldman Sachs' $242 price target suggests another 29% rally in store from Tuesday's close.
☆ Goldman Sachs says Boeing can soar more than 80% after earnings
  + stars: | 2022-10-27 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Goldman Sachs said Boeing can soar more than 80% after its latest quarterly report. "We continue to believe Boeing has substantial deep value upside as financial inputs and valuation both remain at trough while long-term fundamentals are strong. Several inputs are now improving, including aircraft demand, 787 deliveries, services, and total cash flow," wrote analyst Noah Poponak, who has a buy rating on the stock. Still, the aircraft manufacturer generated nearly $3 billion in free cash flow, and said it expects it will reach positive free cash flow this year. Goldman Sachs lowered its 12-month price target to $242 from $265.
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