Boeing stock dips on Wells Fargo downgrade, price cut

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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.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Angel Smith