Credit Suisse and UBS downgraded the stock after reports on Friday showed internal messages between two Boeing employees stating that the plane’s anti-stall system behaved erratically during testing before the aircraft entered service. The new revelations pose fresh challenges for Boeing, which is reeling under pressure after two fatal crashes forced the company to ground the planes and book billions of dollars in losses. Boeing’s shares fell 2% to $337.20 in premarket trading on Monday, adding to their 18% decline since the second deadly crash of the popular single-aisle jet in Ethiopia. …read more
Source:: Yahoo Finance
