Boeing Shares Drop to 52-Week Low Amid MAX 737 Troubles
January 22 2020 - 1:38PM
Dow Jones News
By Stephen Nakrosis
Shares of Boeing Co. (BA) touched a 52-week low Wednesday as the
aircraft maker continues to deal with problems stemming from its
737 MAX jetliner.
At 12:57 p.m. EST, the company's shares had fallen 2.62% to
trade at $305.14. Earlier in the session, they touched a 52-week
low of $302.72 before regaining some ground.
Volume topped 9.3 million shares, above the 65-day average
volume of 5.9 million. Boeing shares have finished lower in the
previous three sessions, and are down over 6% year to date.
Also on Wednesday, Vertical Research cuts its recommendation on
Boeing's stock to hold from buy, and cut its price target on the
stock to $294 per share from $388, as reported by Benzinga. Credit
Suisse also cuts its price target on the stock to $321 from
$324.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 22, 2020 13:23 ET (18:23 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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