- Boeing (BA -1%) shares, already down 9% YTD after surging 94% last year, are slipping again today as UBS cuts its price target to $127 from $137 on the belief that problems with 787 production means cash burn will go on longer than expected.
- The firm's updated learning curve analysis forecasts Boeing’s 787 cash burn at ~$6B in 2014, only slightly better than 2013, and it sees cash burn improving by ~$2B/year beyond 2014 and reaching breakeven in 2017, two years later than guidance.
- CRT Capital, however, says sources expect 5-6 787 deliveries this month getting back on track to normal levels by June; while a modest impact could be felt in Q1 and possibly Q2, the firm doesn't expect any change for the full year (Briefing.com).