Boeing shares fall as MAX 9 grounding continues
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Boeing (BA) shares tumble after analyst downgrade, China delivery delays
January 16, 2024 11:38 AM EST(Updated - January 16, 2024 1:47 PM EST)
Boeing (NYSE: BA) shares plunged more than 8% Tuesday as the plane maker's issues continued with the Federal Aviation Administration (FAA) extending the grounding of the company's 737 MAX 9 airplanes indefinitely for new safety checks.
The FAA said it would extend the grounding order on the aircraft to investigate Boeing's entire production line. The agency has taken the decision after "multiple production-related issues identified in recent years." According to a recent report... More
Given Boeing's legacy and heritage, BofA 'astonished' about third-party quality control
January 16, 2024 9:43 AM ESTBank of America analyst Ronald Epstein cut the price target on Boeing (NYSE: BA) by $20 per share to $255. BofA remains Buy-rated on BA stock as Epstein remains cautiously optimistic on the stock.
Boeing is one of two players in a global duopoly for commercial aircraft which are in short supply. Despite the recent issues, we believe BA has been making steady, if not slow, progress in addressing... More
