Boeing shares are trading lower after analysts at Morgan Stanley and Stifel lowered their price targets on the stock. It was recently reported the Senate will meet to hold a hearing on the company's safety culture amid recent safety concerns.
Portfolio Pulse from Benzinga Newsdesk
Boeing's stock price has declined following price target reductions by Morgan Stanley and Stifel, amid upcoming Senate hearings on the company's safety culture due to recent safety concerns.
April 10, 2024 | 6:14 pm
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Boeing's stock price is under pressure after analysts at Morgan Stanley and Stifel lowered their price targets, signaling concerns over the company's safety culture and upcoming Senate hearings.
The reduction in price targets by reputable financial institutions such as Morgan Stanley and Stifel, combined with the negative publicity and potential regulatory scrutiny from Senate hearings on Boeing's safety culture, are likely to dampen investor confidence in the short term. This could lead to a decrease in stock price as investors reassess the risk associated with Boeing's operational and regulatory challenges.
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