BA stock is down over 11% in the last week as the crisis surrounding Boeing (NYSE:BA), and the grounding of its 737 MAX aircraft deepens.
Two analysts, from UBS and Credit Suisse respectively, have downgraded their rating for BA stock from buy to neutral as the aircraft manufacturer continues to grapple with the fallout of two 737 MAX crashes that killed 346 people and led to the worldwide grounding of the aircraft. The second analyst was particularly damning in his assessment of the company, with his downgrade note carrying the title ‘The Downward Spiral.’
...
Read The Full Article On StreetSignals.com
Get the latest stock market news on StreetSignals. Follow public companies and get free stock research reports and stock market analysis data and stock tips.
All content provided by StreetSignals is subject to our Terms Of Use and Disclaimer.