Along with the company's $1 billion quarterly dividend, Barclays estimates that Boeing will need about $4 billion in new debt to hold its quarterly cash balance near $10 billion. Analysts at Canaccord slashed the company's price target to $225 a share from $340. While the firm says that the 18% drop in the stock on Wednesday was overblown, "it is clear that the outlook for Boeing has materially stepped down in the past few weeks." Canaccord says Boeing isn't facing a liquidity crisis, but the firm estimates that cash pressure on Boeing has accelerated due to the coronavirus. JPMorgan downgraded Boeing to neutral while cutting its price target to $210 a share from $370. "Our desire to hang in with Boeing until the return of the 737 MAX has worked out poorly, both regarding the timeline for recertification and now more importantly with the impact of Covid-19 on aircraft demand," Boeing said. Boeing shares at last check fell 15% to $160.65.