It is no secret, US airplane giant Boeing (BA) has suffered badly at the hands of COVID-19, with one piece of bad news following the other. But with Boeing shares still down by 60% year-to-date, might now be the right time to pull the trigger on BA stock?Not quite, says Canaccord’s Kenneth Herbert. The 5-star analyst believes there are too many variables to consider and expects Boeing’s commercial services business to drop by more than 50% in 2Q20 and “likely at very depressed levels for the rest of 2020.”It should come as no surprise, then, that Herbert rates Boeing shares …read more
Source:: Yahoo Finance
