Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Boeing Price Target Slashed by 3 Firms Amid 737-Max Turmoil

edited October 2019 in The OT Bullpen
“In light of recent reports that Boeing employees may have misled regulators regarding the doomed 737 Max aircraft, a trio of Wall Street banks issued downgrades on the stock Monday ... as the heightened scrutiny became the lastest development in a year-long scandal that began with two fatal crashes resulting in 346 deaths ...”

“The company's shares plunged 4% on Friday after Reuters reported that the Federal Aviation Administration was reviewing internal messages between two employees that suggest they may have lied about a key safety feature on the aircraft model.”

“Shares extended those losses another 4% on Monday amid the flurry of Wall Street downgrades and intensifying scrutiny of the ongoing 737 Max crisis.”


https://www.businessinsider.com/boeing-stock-price-target-slashed-3-banks-737-max-issues-2019-10
Sign In or Register to comment.