Aerospace company Boeing (NYSE:BA) saw its woes continue on Monday as the U.S. Federal Aviation Administration (FAA) stated that more mid-exit door plugs of Boeing’s planes needed to be looked into. This comes after a Boeing 737 Max 9 plane made an emergency landing following a door panel blowout.
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The FAA pointed out that the company’s 737-900ER had door plugs similar to Boeing’s 737 MAX 9, and some operators had found issues with the bolts. This suggests that Boeing’s problems are unlikely to be resolved quickly.
BA stock was down in pre-market trading and has slid by more than 15% over the past month.
Is BA a Good Buy Right Now?
Analysts remain bullish about BA stock, with a Strong Buy consensus rating based on 18 Buys and five Holds. The average BA price target of $267.84 implies an upside potential of 24.6% at current levels.
