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
€209.95
2.240%
Currently there is a rather positive sentiment for Boeing Co. with 48 Buy predictions and 9 Sell predictions.
On the other hand, the target price of 207 € is below the current price of 209.95 € for Boeing Co., so the potential is actually -1.41%.
