"China's Increased 737 Max Inspections Lead to Boeing Stock Downgrade"

Boeing stock fell after China Southern Airlines announced increased safety inspections for new Boeing 737 Max aircraft, potentially delaying deliveries, following a fuselage panel blowout on an Alaska Airlines jet. Chinese authorities have also required safety inspections for all 737 Max aircraft operating in China, impacting Boeing's critical market in the country. Wells Fargo downgraded Boeing stock and slashed its price target due to the increased delivery risk and FAA inspection process, leading to a more than 6.5% drop in Boeing stock and impacting supplier Spirit as well.