On Friday, RBC Capital analysts downgraded Boeing from Outperform to Sector Perform while maintaining a $225 price objective for the company's shares.

Worse-than-anticipated supply chain difficulties were mentioned by the analysts as the main justification for the downgrade.

Analysts predicted that ongoing supply chain execution issues would restrict near-term upside deliveries and have a negative impact on investor confidence. "We do not anticipate a decline in the 2023 MAX delivery guidance, but we do anticipate uneven production levels limiting investors from fully attributing the stock's expected upside in FCF in 2025/26."

A number of other factors that RBC considers to be risky include Boeing's ramp-up of its 787 production, the outlook in China, ongoing concerns about the company's product strategy, margin expansion in the defence industry, and the speed of the travel rebound.