BE Aerospace (BEAV) Under Heavy Pressure On Airline Industry Concerns
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Shares of BE Aerospace Inc. (Nasdaq: BEAV) are under heavy pressure today (-12%) on continued headlines risk in the airline industry.
With rising crude prices and airlines cutting capacity, invesors fear the negative impact it will have on demand for BE Aerospace's airline interior products.
A number of analyst have tried to defend the name in recent days, but the selling continues.
Other aerospace players including, Boeing (NYSE: BA), Goodrich (NYSE: GR) and Precision Castparts (NYSE: PCP) have also seen pressure.
With rising crude prices and airlines cutting capacity, invesors fear the negative impact it will have on demand for BE Aerospace's airline interior products.
A number of analyst have tried to defend the name in recent days, but the selling continues.
Other aerospace players including, Boeing (NYSE: BA), Goodrich (NYSE: GR) and Precision Castparts (NYSE: PCP) have also seen pressure.
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