Why Boeing Stock Dropped Today

Rich Smith, The Motley Fool
·2 min read
Why Boeing Stock Dropped Today

Shares of Boeing (NYSE: BA) are down 2.2% in 1:15 p.m. EST trading Friday afternoon. This morning, reports TheFly.com, Canaccord Genuity upgraded Boeing stock to "buy" on its belief that air travel will recover this year, and airlines will resume buying airplanes. This bodes well for increased deliveries of Boeing's 737 MAX regional airliner and, in return for those delivered airplanes, "significantly improved free cash flow in 2021," says TheFly.