Boeing shares continue fall after brokerages cut PT on high 777X charge

Reuters
2025.10.30 16:54
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Boeing shares fell nearly 5% to around $203 after the company disclosed a $4.9 billion charge on its 777X jet program. Following this announcement, at least three brokerages, including Deutsche Bank, UBS, and J.P. Morgan, cut their price targets for Boeing. Deutsche Bank downgraded its rating to 'hold' from 'buy', citing ongoing financial constraints affecting the company's unit economics and working capital. Despite the drop, shares are up about 14.7% year-to-date.