Wall Street analysts on Monday downgraded Boeing's stock and said the company's market value could drop $53 billion. Boeing announces revenue drop since deadly 737 Max crashesThe analyst downgrades come as Boeing prepares to announce earnings later this week. Walton said his "working assumption" was that the 737 Max crashes were a result of "poor assumptions." The stock drop shows that Boeing's efforts to steady itself in recent months haven't fully reassured investors. Family members of 737 Max crash victims demand safety reforms at congressional hearingInstead, Calhoun's appointment has raised new questions about Boeing's leadership.

Source: Ethiopian News October 21, 2019 21:11 UTC