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Boeing’s Cascade of Mishaps Fails to Deter Wall Street Backers
- Over 60% of analysts recommend buying stock, only two say sell
- Shares of the company down 35% this year as crisis unfolded
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For a company that has been in crisis mode for as long as Boeing Co., the planemaker has some startlingly upbeat support from Wall Street.
A near-disaster in January during an Alaska Air Group Inc. flight set off a chain reaction of regulatory probes and whistleblower allegations while several other mishaps with other aircraft made by the company have sent the shares plummeting some 35% this year. Through it all though, analysts covering the stock have remained overwhelmingly positive, with more than 60% recommending buying the stock.