Boeing (BA) shares tumble after analyst downgrade, China delivery delays

Given Boeing's legacy and heritage, BofA 'astonished' about third-party quality control

January 16, 2024 9:43 AM EST

Bank 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

Boeing (BA) 737 MAX 10 will get certified, I am not sure it'll be certified by the end of 2024 but it will get certified - Ryanair CEO

January 16, 2024 9:06 AM EST

(Updated - January 16, 2024 9:07 AM EST)

Boeing (NYSE: BA) 737 MAX 10 will get certified, I am not sure it'll be certified by the end of 2024 but it will get certified - commented Ryanair CEO Michael O'Leary.

I am very... More

Ryanair (RYAAY) CEO O'Leary comments on 737 deliveries, fuel prices

January 16, 2024 8:36 AM EST

(Updated - January 16, 2024 8:41 AM EST)

Ryanair (NASDAQ: RYAAY) CEO Michael O'Leary:

Boeing will probably leave us 7 to 8 aircraft short this summer.Sent a team to Seattle to meet with the Boeing team last week, have raised issues about... More

Midday movers: Goldman Sachs, Boeing, AMD and more

January 16, 2024 8:07 AM EST

(Updated - January 16, 2024 11:46 AM EST)

Investing.com -- Main U.S. indexes retreated Tuesday, as risk appetite fell while investors digested earnings from more senior banks.

Here are some of the biggest U.S. stock movers today:

Goldman Sachs (NYSE: GS) stock rose 1.75% after the lenders profit rose 51% in the fourth quarter as its equity traders capitalized on a recovery in markets and revenue from its asset and wealth business rose.

Morgan Stanley (NYSE: MS) stock declined 3.3%. The bank beat... More

Boeing shares fall as MAX 9 grounding continues

January 16, 2024 7:23 AM EST

(Reuters) -Boeing shares fell 4.1% on Tuesday and were set to extend last week's losses as the U.S. grounding of some 737 MAX 9 jets entered its 11th day, while the company's promise of further quality checks raised the specter of added costs.

The planemaker has been engulfed in a crisis since an Alaska Airlines MAX 9 jet made an emergency landing following a cabin panel blowout earlier this month, following which the U.S. Federal Aviation Administration (FAA) temporarily grounded 171 aircraft for safety checks.

Shares of beleaguered supplier Spirit... More

Boeing (BA) drops after Wells Fargo cut as 'FAA audit opens up a whole new can of worms'

January 16, 2024 6:00 AM EST

Wells Fargo analyst Matthew Akers downgraded Boeing (NYSE: BA) stock to Equal Weight from Overweight with a price target cut to $225 per share from the prior $280.

The analyst thinks that the risk of production/delivery impact has increased significantly after the recent Alaska Air flight drama.

We don't see enough upside to justify this... More

Wells Fargo Downgrades Boeing (BA) to Equal Weight, 'FAA Audit Opens Up a Whole New Can of Worms'

January 16, 2024 5:33 AM EST

(Updated - January 16, 2024 5:44 AM EST)

Wells Fargo analyst Matthew Akers downgraded Boeing (NYSE: BA) from Overweight to Equal Weight with a price target of $225.00 (from $280.00).

The analyst comments "With FAA taking a closer look into BA's production, we think the risk of... More

TD Cowen Reiterates Positive View on Boeing (BA)

January 16, 2024 5:29 AM EST

TD Cowen analyst Cai von Rumohr reiterated an Outperform rating and $275.00 price target on Boeing (NYSE: BA)

The analyst comments "Full implications of the Alaska Air incident are unclear. We think it will result in tighter oversight of BA production with headwinds to... More