Boeing's fix for 737 Max may take three to six months, Bank of America predicts

CNBC | 3/14/2019 | Yun Li
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The FAA on Wednesday grounded all Boeing 737 Max jets in the U.S., citing links between two fatal crashes. The turnaround came after dozens of countries grounded the planes, tanking the stock nearly 11 percent this week, on pace to post its biggest weekly decline since 2008.

Bank of America kept its buy rating and $480 price-target on Boeing as the bank believes the investigation would have a "definitive timeline" as the recovery of the black boxes is already underway. This would significantly reduce the uncertainty around Boeing and the 737 Max model, the bank said. The two black boxes from the...
(Excerpt) Read more at: CNBC
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