Reported about 1 month ago
Boeing's shares dropped sharply following an analyst's revision of the stock's price target due to persistent cash burn issues. The company has seen a dramatic loss in market value, exceeding $143 billion since the 737 Max crashes, and continues to struggle with quality control problems as it attempts to restore its reputation. New CEO Kelly Ortberg faces the dual challenge of addressing substantial debt while trying to stabilize the company's finances, with predictions of a significant equity raise looming in the near future.
Source: YAHOO