Argus Downgrades Boeing (BA) to Hold

Argus analyst John Eade downgraded Boeing (NYSE: BA) from Buy to Hold.

The analyst comments "We think the long-term outlook for Boeing is bright and are maintaining our five-year BUY rating. If the cause of the crashes turns out to be a mechanical or an engineering issue, Boeing can correct the problem and the industry, which is heavily dependent on the plane, the 737 Max jet, can move on."

For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.

Shares of Boeing closed at $370.00 yesterday.

You May Also Be Interested In

• Lake Street Downgrades Identiv, Inc. (INVE) to Hold
• BTIG Downgrades Apollo Commercial Real Estate Finance (ARI) to Neutral
• Jefferies Group (JEF) PT Lowered to $83 at Oppenheimer