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Shares of Boeing (BA) are falling Tuesday following a bearish outlook from Wells Fargo (WFC) analyst Matthew Akers. Akers downgraded the aerospace giant to Underweight from Equal Weight, while also slashing his price target to $119— a potential 30% decline in share value over the next 12 months.
He cites limited growth prospects, alongside cash flow concerns as the reason behind the move.
Morning Brief hosts Brad Smith and Madison Mills examines the ongoing challenges plaguing the airline including production and labor issues.
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This post was written by Angel Smith