Airplane manufacturer Boeing (NYSE:BA) was in trouble after one of its planes again suffered a malfunction. According to Bloomberg, a United Airlines (NASDAQ:UAL) flight bound for Japan from San Francisco had to divert to Los Angeles International Airport after a tire fell off shortly after takeoff. The tire crushed some cars in a parking lot below. No injuries were reported among the 249 passengers on the plane.
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Following the incident, United Airlines stated that Boeing’s 777-200 plane had “six tires on each of its two main landing gear struts” and was designed to land safely even with missing or damaged tires.
Boeing stock has been battered year-to-date after a string of incidents led to questions about the safety of its planes. BA stock has declined by more than 20% year-to-date.
Is UAL a Good Stock to Buy?
Analysts remain cautiously optimistic about UAL with a Moderate Buy consensus rating based on eight Buys and four Holds. UAL stock has declined by more than 15% over the past year, and the average UAL price target of $58.08 implies an upside potential of 31.6% at current levels.
