Boeing Secures Order From Taiwan's China Airlines
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Boeing's New Order: Boeing shares rose after China Airlines ordered 14 Boeing 777X aircraft, marking the first order of this model by a Taiwanese airline. The order includes options for additional planes and aims to enhance long-haul routes to North America and Europe.
Impact of Trade Tensions: Despite the new order, Boeing faces challenges due to halted deliveries to China amid escalating trade tensions and tariffs, which have made their aircraft less affordable for Chinese customers.
Analyst Views on BOEU
Wall Street analysts forecast BOEU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BOEU is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 50.788
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Current: 50.788
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
