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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.”
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