Northcoast Research, a leading investment research firm, has recently predicted a 15% decrease in Boeing’s stock. This prediction comes as a result of the ongoing issues that the company has been facing, including the grounding of its 737 MAX aircraft and the COVID-19 pandemic.
Boeing has been struggling to recover from the grounding of its 737 MAX aircraft, which was caused by two fatal crashes that occurred within a span of five months. The company has been working to fix the issues with the aircraft and get it back in the air, but the process has been slow and costly.
In addition to the 737 MAX issues, Boeing has also been hit hard by the COVID-19 pandemic. The pandemic has caused a significant decrease in air travel, which has led to a decrease in demand for new aircraft. This has resulted in a decrease in orders for Boeing’s aircraft, which has had a negative impact on the company’s revenue and stock price.
Northcoast Research’s prediction of a 15% decrease in Boeing’s stock is based on these ongoing issues. The firm believes that the company will continue to struggle in the coming months, which will lead to a decrease in its stock price.
Despite these challenges, Boeing has been working to address the issues and improve its performance. The company has implemented a number of changes to its operations and has been working to improve its relationships with customers and regulators.
It remains to be seen whether Northcoast Research’s prediction will come true, but it is clear that Boeing has a lot of work to do to regain the trust of its customers and investors. The company will need to continue to make changes and improvements in order to overcome the challenges it is facing and return to growth and profitability.
