Reported about 1 month ago
Boeing Co.'s stock faced a significant decline, dropping as much as 8.9%, after Wells Fargo & Co. downgraded its rating to a sell-equivalent. Analyst Matthew Akers expressed skepticism about the company's prospects and set a price target of $119, indicating a potential 32% decrease over the next year. The move reflects concerns over Boeing's cash flow, debt load, and ongoing operational challenges.
Source: YAHOO