Why Boeing Stock Is Flying Lower Today
Quality issues at Boeing (NYSE: BA) are disrupting the schedules of airline customers. Shares of the aerospace giant are down nearly 5% as of 1 p.m. ET as investors ponder the long-term impact on Boeing.
Boeing's once pristine reputation as an aerospace manufacturer has been badly bruised by a series of mishaps over the past five years. The company's 737 MAX, which was once predicted to break aviation sales records, was grounded for 18 months after a pair of fatal accidents and subsequent engineering fixes. Other models, including the 787 Dreamliner and 777X, have either been delayed or temporarily grounded because of concerns.
More recently, a near-disastrous issue involving a 737 operated by Alaska Air Group (NYSE: ALK) led to a Federal Aviation Administration-mandated production slowdown and delays in certifying new designs.
Source Fool.com
Boeing Co. Stock
Currently there is a rather positive sentiment for Boeing Co. with 30 Buy predictions and 5 Sell predictions.
With a target price of 233 € there is a positive potential of 44.77% for Boeing Co. compared to the current price of 160.94 €.
