Boeing Shares Cheaper, but Are They a Buy?

Boeing Shares Cheaper, but Are They a Buy?
The company logo for Boeing is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, on March 11, 2019. Brendan McDermid/Reuters
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NEW YORK—The fall in Boeing shares has made the stock’s valuation less expensive but that may not make it an obvious buy for investors.

The planemaker’s shares have fallen 11 percent this week after an Ethiopian Airlines crash on March 10 that killed 157 people prompted the grounding of Boeing’s global 737 MAX fleet. Boeing shares were down 0.5 percent $375.09 midday March 14.