Boeing's stock drops after Barclays cites risk of passenger avoidance
Shares of Boeing Co. BA, -2.21% dropped 1.3% in morning trade Tuesday, after Baclays abandoned its bullish stance on the aerospace giant, citing concerns that fliers will avoid flying on its 737 MAX planes for longer than expected. Analyst David Strauss cut his rating to equal weight, after being at overweight since March 2018. He slashed his stock price target by 12% to $367, to be the second lowest of the 25 analysts surveyed by FactSet.
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