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‘We can no longer defend the shares’: Boeing gets slapped with a trio of Wall Street downgrades as 737 Max scandal worsens
Three Wall Street firms slashed their price targets for Boeing shares following reports that the company may have misled regulators.
Boeing's stock ended slightly higher after President Donald Trump announced the grounding of the 737 Max aircraft.
Boeing woes drive underperformance of the Dow relative to the S&P 500. Stock is down due to 737 Max scandals.
Boeing's market cap has dropped almost $40 billion from its 2019 peak. Wall Street remains bullish on the company.