Boeing's market cap has dropped almost $40 billion from its 2019 peak. Wall Street remains bullish on the company.
The Boeing logo appears above a trading post on the floor of the New York Stock Exchange before the opening bell, Monday, March 11, 2019. Boeing shares were predicted to fall at the open on Wall Street after the crash Sunday of a 737 Max 8 plane in Ethiopia that killed all 157 people aboard. Shares have slumped about 15% since topping out on March 1.
But the recent selling has been uable to sway Wall Street analysts, who remain largely bullish on Boeing shares. Among the analysts surveyed by Bloomberg, 21 had a"buy" rating while only 2 had"sell."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. says Boeing 737 MAX 8 airworthy but says Boeing will make design changesThe United States told international carriers on Monday that the Boeing 737 MAX ...
Read more »
Wall Street rises after tame inflation supports patient Fed; Boeing drags DowU.S. stocks rose on Tuesday after tame inflation data supported the Federal Rese...
Read more »
Wall Street lifted by tech shares, heavyweight Boeing pares lossesU.S. stocks rose after five straight sessions of declines on Monday boosted by t...
Read more »
Boeing stock falls sharply as crisis mounts over 737 MAX crashesThe tragic Ethiopian Airlines crash on Sunday is raising doubts on Wall Street about Boeing.
Read more »
Backstage Selfies With the Backstreet Boys or Bhad BhabieSuperstar music acts have charged hundreds or even thousands of dollars for special perks at arena and stadium shows. Now, smaller acts are increasingly taking a piece of one of the music industry’s most lucrative growth sectors.
Read more »
Southwest says it remains 'confident' in its fleet of Boeing planes after Ethiopia crashSouthwest Airlines Co. expressed confidence in its Boeing Co. aircraft and said has no plans to change operations in the wake of a deadly crash involving a 737 Max 8 aircraft in Ethiopia. But shares of the airline fell over 3% in premarket trading, alongside a nearly 9% drop in Boeing shares. "As Southwest operates a fleet of 34 Boeing 737 MAX 8 aircraft, we have been in contact with Boeing and will continue to stay close to the investigation as it progresses," said a spokesman for the company. Ethiopian Airlines Flight 302 crashed shortly after takeoff from the capitol of Addis Ababa, killing all 157 people on board. It's the second deadly accident involving Boeing's popular 737 Max 8 in six months, with the last occurring in October when an Indonesia Lion Air jet crashed into the sea, killing all 189 on board. China's civilian aviation authority has ordered all airlines to ground those Max 8 planes, while Ethiopian Airlines has grounded its entire fleet of those planes. "We don't have any changes planned to our operational policies or procedures," said the Southwest spokesman. Losses for Boeing drove a 170-point drop in Dow futures.
Read more »
Trump says that airplanes are becoming 'far too complex' after crash of Boeing jet in Ethiopia'I see it all the time in many products,' Trump tweets. 'Always seeking to go one unnecessary step further, when often old and simpler is far better.'
Read more »
FAA says Boeing 737 MAX planes are still airworthy, expects to mandate design changes by AprilThe Federal Aviation Administration told international airlines that Boeing 737 MAX planes remain airworthy yesterday, but airlines and even entire countries are grounding the Max 8.
Read more »