Boeing’s Stock Slides After Wall Street Analyst Says FAA Probe Will Open ‘A Whole New Can of Worms’

It comes in the wake of the door plug of an Alaska Airlines-operated flight blowing off shortly after takeoff earlier this month.

A pair of employees check out the first Boeing 737-7 MAX in Seattle, Wash., on Feb. 5, 2018. Stephen Brashear/Getty Images

Plane maker Boeing’s stock has taken another tumble after Wall Street analysts downgraded the company’s shares in the wake of an incident with its aircraft earlier this month and a resulting safety investigation.

Wells Fargo analyst Matthew Akers downgraded shares of Boeing to Hold from Buy in a report titled “FAA audit opens up a whole new can of worms,” published on Jan. 16.