Boeing Suspends Purchase Of Titanium From Russia: Report


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  • Boeing Co (NYSE:BA) has suspended buying titanium from Russia. This step might have ramifications for the company's relationship with its largest commodity supplier, VSMPO-Avisma, a Russian titanium producer, reported Reuters.
  • "Our inventory and diversity of titanium sources provide sufficient supply for airplane production, and we will continue to take the right steps to ensure long-term continuity," the report quoted Boeing.
  • Cowen analyst Cai von Rumohr lowered the price target on Boeing to $230 (an upside of 30%) from $265 and maintained an Outperform rating on the shares.
  • The analyst mentions that Boeing faces near-term risks, but if 787 stays close to schedule, he sees a healthy, backloaded 2022 CFPS.
  • Price Action: BA shares are trading lower by 1.69% at $177.79 on the last check Monday.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsBriefs