Boeing stock was trading 4% lower this morning after two analysts downgraded it from “neutral” to “buy.” Boeing’s major part suppliers also saw their stock prices drop.
Boeing CEO Dennis Muilenburg expressed optimism over the 737 MAX’s Q4 return to service. Boeing plans to submit the MAX certification packages next month.
Shares of Spirit AeroSystems Holdings (SPR) fell nearly 3% after investment company Jefferies downgraded its rating on the stock and slashed its earnings outlook.
The adoption of specialty materials in the aerospace industry is being driven by the rising use of lightweight alternatives over traditional equipment.
