Why Boeing Stock Is Flying Lower Today
Boeing (NYSE: BA) shareholders have endured wave after wave of bad news in recent years. At least one analyst sees no quick rebound.
Shares of Boeing traded down 7% as of 10:30 ET after the stock was downgraded and its price target was slashed to well below the current price.
Boeing's woes are well known. A pair of fatal crashes grounded the company's 737 MAX for 18 months and sparked an in-depth look at the company's manufacturing practices that has led to significant delays in other aircraft programs as well. The company has fallen behind its internal production goals, causing problems for customers and leading airlines to look elsewhere.
Source Fool.com
Boeing Co. Stock
€173.70
-0.390%
Our community is currently high on Boeing Co. with 45 Buy predictions and 13 Sell predictions.
As a result the target price of 185 € shows a slightly positive potential of 6.51% compared to the current price of 173.7 € for Boeing Co..
