Boeing shares off again: Stock is down 10% in two days after earnings report

Via Acquire Media NewsEdge) Jul. 24--Boeing Co. shares were down 6.7 percent in late-session trading on the New York Stock Exchange Thursday, as investors react for a second day to the disappointing second-quarter earnings the aerospace giant released Wednesday morning. The most prominent factor in Thursday's decline is the rating downgrade from influential analyst Cai von Rumohr of Cowen and Co., who lowered Boeing shares to "neutral" from "outperform." Boeing shares -- one of the 30 blue-chip stocks in the Dow Jones industrials -- fell 3.7 percent, $66.72 Wednesday, after the company reported earnings that not only fell modestly short of expectations but showed evidence of worse-than-expected margin pressure in the company's commercial-jet operation. "Concerns continue to mount," Goldman Sachs analyst Richard Safran said in... [read full story]