Reported 27 days ago
Boeing received a downgrade from Bernstein analysts due to concerns over its recovery timeline, facing challenges like safety issues, production delays, and an ongoing strike. Bernstein lowered its stock rating to Market Perform and cut the price target, emphasizing the need for a clear recovery strategy. Boeing recently raised over $21 billion in capital, but reported significant losses this year and announced a 10% workforce reduction. Ongoing union strikes have also resulted in nearly $10 billion in losses for the company and its stakeholders.
Source: YAHOO