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Boeing's stock should be in the penalty box for now, investment manager says
BoeingBoeing(US:BA) Market Watch·2024-01-10 04:25

Boeing Co.’s stock could continue to sell off over the near term, even if the latest 737 Max issues don’t affect the aerospace giant’s business very much, one investment manager said.Some Wall Street analysts said the drop in Boeing’s stock BA, -1.16% on the most recent 737 Max 9 news has created a good entry point for investors, since the financial impact for the company should be minimal.Jerry Braakman, chief investment officer of California-based First American Trust, which manages $2.3 billion, said whi ...