Boeing Co (NYSE:BA) shares are trading lower today following second quarter earnings miss reported yesterday. Several analysts raised the price target on the stock. Boeing reported a revenue decline of 15% Y/Y to $16.866 billion, missing the consensus of $17.23 billion, and adjusted loss per share of $(2.90) missed the consensus of $(1.91). Also, Boeing announced Robert K. “Kelly” Ortberg as the company’s new president and chief executive officer, effective August 8, 2024. Stifel analyst Bert W. Subin upped the price target from $230 to $235 while maintaining a Buy rating. The analyst writes that the key announcement is Kelly Ortberg’s appointment as Boeing CEO. Ortberg’s hire could drive much-needed cultural change and mark a new chapter for Boeing, with strong demand and improving supply on the horizon. Subin doesn’t anticipate an increase in delivery estimates after earnings but doesn’t expect significant cuts either, suggesting a potential turning point. At the call, CFO Brian West revealed that free cash flow (FCF) will remain negative ...