Boeing Stock (NYSE:BA) Slips as St. Louis Loses Super Hornet Work
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Boeing's stock (NYSE:BA) has declined as the company relocates its F/A-18 Super Hornet upgrade project from St. Louis to Texas and Florida. Despite not citing the strike as a reason, Boeing's VP mentioned a strategic plan necessitating the move. Senator Richard Blumenthal criticized the FAA's $3.1 million fine on Boeing, arguing it fails to deter unsafe practices. Meanwhile, analysts maintain a Strong Buy consensus on BA stock, with a 20.82% upside potential based on a price target of $259.71 after a 42.12% price increase over the past year.
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