Boeing Leadership Shake-Up After 737 Max Incident: But 'Will This Change Be Enough?'
Portfolio Pulse from Neil Dennis
Boeing Co (NYSE:BA) announced a leadership shake-up following a 737 Max 9 incident and regulatory scrutiny. Shares fell 20% since the incident. The FAA has increased oversight. New appointments include Uma Amuluru as HR officer and Katie Ringgold as VP of the 737 MAX program. Analysts view the changes positively but question if they are sufficient to restore confidence. Bank of America maintains a Neutral rating on Boeing with a $225 price target.
February 22, 2024 | 8:28 pm
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NEUTRAL IMPACT
Boeing Co faces leadership changes after a 737 Max incident, with shares down 20% and increased FAA oversight. Bank of America maintains a Neutral rating with a $225 price target.
The leadership changes and FAA scrutiny are significant, but the neutral rating from Bank of America suggests a wait-and-see approach. The impact on the stock price is uncertain in the short term, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100