Boeing Shares Shake Off Concerns Over 737 Max Charge
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Shares of Boeing Co. rose more than 2.5% in early trading in New York after a $4.9 billion charge on the grounding of the 737 Max jets met some expectations on the Street.
The charge “is a positive”, and met Morgan Stanley analyst Rajeev Lalwani’s expectations. Lalwani was also optimistic about the tentative promise of the jetliners’ return to the skies ahead of some investors estimates, as well as the 2020 production goals, he told clients in a research note.