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BofA Says Sell Boeing With 787 Cash Generation Expected To Disappoint

Shares of Boeing (BA) are sliding after Bank of America Merrill Lynch analyst Ronald Epstein downgraded the stock to Underperform, a rating equivalent to "sell," as he believes the company will not generate the forecasted amount of $29B in order to offset the deferred production costs for its 787 jet. Boeing is scheduled to report first quarter results on April 27.

DISAPPOINTING CASH RECOVERY: BofA Merrill Lynch's Epstein downgraded Boeing to Underperform from Neutral, as he expects the company's 787 program to only generate $14B in cash by the first quarter of 2022, compared to Boeing's forecast of...


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