{
  "id": 8941076,
  "title": "Bank of America says buy tumbling shares of aviation giant",
  "url": "https://urgent.news/2026/09/21/bank-of-america-says-buy-tumbling-shares-of-aviation-giant",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T14:37:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/bank-america-says-buy-tumbling-143700198.html"
  },
  "original_language": "en",
  "account": "Boeing's shares fell further this week, closing at $198.20 on September 18th, marking a 4.83% decline over the past five trading days and a 12.98% decrease year-to-date. The drop occurred after CEO Kelly Ortberg's comments at Morgan Stanley's Laguna Conference on September 16th, where he mentioned challenges in 737 and 787 production ramps, and pushed back 777X certification testing to 2027. Boeing is facing pressure to prove its turnaround, and the CEO's remarks intensified investor caution. However, at least one major bank sees this as an opportunity to purchase shares at a discount. Ortberg stated that the 737 production line has not stabilized at the targeted 47 jets per month rate due to in-house wing production, although the broader supply chain remains intact. On a positive note, Ortberg mentioned that the 737 MAX 10 certification should be completed soon, and the 777X certification testing will extend into 2027. The plane has been behind schedule by seven years, and its ETOPS certification is delayed by a GE Aerospace engine seal issue. Bank of America's aerospace analyst Ronald Epstein used the selloff to reaffirm his Buy rating and $270 price target for Boeing. Epstein argued that setbacks were anticipated from the beginning, and although Boeing operates in a complex industry with regulatory challenges, the turnaround is progressing in the right direction. The more significant near-term risk, according to Epstein, is a potential SPEEA strike, with the current contract expiring on October 6. With the 737 MAX 10 accounting for about 30% of Boeing's 737 backlog, its certification is crucial for future cash flow. In the past five years, Boeing has delivered more planes in 2026 than since 2018, maintaining a steady order book exceeding $695 billion due to new 737 MAX commitments. However, investors should remain cautious and consider gradual investment to mitigate risks associated with timeline delays or certification problems.",
  "summary": null,
  "key_points": [
    "Boeing shares dropped 4.83% in five days, 12.98% year-to-date",
    "CEO Kelly Ortberg cited production challenges for share decline",
    "Bank of America analyst Ronald Epstein rated Boeing Buy with $270 target"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}