Why Boeing Stock Was Down Today
Boeing (NYSE: BA) has discovered a new issue with its 737 MAX jet that could threaten the company's delivery targets. Investors are disappointed to see yet another setback, sending Boeing shares down 4.9% on Thursday.
A Boeing 737 MAX. Image source: Boeing.
The 737 MAX was once expected to be among the best-selling jet designs of all time, but the program has been plagued with issues. A pair of fatal crashes led to a 20-month grounding of the jet between 2018 and 2019, and Boeing is only now starting to ramp up production after those delays and pandemic-related uncertainty.
Source Fool.com
Boeing Co. Stock
€185.56
-1.490%
Our community is currently high on Boeing Co. with 53 Buy predictions and 5 Sell predictions.
As a result the target price of 220 € shows a slightly positive potential of 18.56% compared to the current price of 185.56 € for Boeing Co..
