Boeing's Stock Falls As 33,000 Aircraft Assembly Workers Strike
Portfolio Pulse from Erica Kollmann
Boeing's stock is falling as 33,000 aircraft assembly workers strike, rejecting a contract offer. The strike could cost Boeing $1.5 billion if it lasts 30 days, adding to the company's challenges amid production delays and regulatory scrutiny. Analysts have mixed ratings on Boeing, with a 12-month price target averaging $205.67.
September 13, 2024 | 1:25 pm
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Boeing's stock is down as 33,000 workers strike, rejecting a contract offer. The strike could cost $1.5 billion if it lasts 30 days, adding to Boeing's challenges with production delays and regulatory scrutiny. Analysts have mixed ratings with a 12-month price target averaging $205.67.
The strike by 33,000 workers is a significant labor issue that directly impacts Boeing's production capacity and financials, potentially costing $1.5 billion if prolonged. This adds to existing challenges like production delays and regulatory scrutiny. The stock is already down 2.07%, and the mixed analyst ratings suggest uncertainty in the short term.
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