Goldman Sachs Slashes Boeing Price

Credit: Wochit Business
Published on April 9, 2019 - Duration: 00:51s

Goldman Sachs Slashes Boeing Price

According to Business Insider, Goldman Sachs dropped its price target for Boeing as troubles continue to plague the airline manufacturer following the two crashes of its 737 Max aircraft over the past six months.

The bank also says deliveries will come to a halt.

Goldman analyst Noah Poponak said, β€œFor this year, we assume no MAX deliveries in 2H March and all of 2Q 2019, but that all of those deliveries catch up in 2H19.

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Goldman Sachs Slashes Boeing Price

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