BUZZ-Boeing stock price drops; Jefferies notes that software fault reports may affect deliveries

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September 28 - ** Boeing BA.N shares fell 5% in early trading

** The Wall Street Journal reported on Saturday that Boeing has found a previously undisclosed 737 MAX software flaw that could cause the autopilot function to fail during landing (link)

** Jefferies analysts stated that if the U.S. Federal Aviation Administration (FAA) determines that this is a safety issue, the flaw could delay certification of the MAX 10 model and hinder deliveries of the MAX 7

** The U.S. Federal Aviation Administration said it would convene a Corrective Action Review Board regarding the issue

** According to data compiled by the London Stock Exchange Group (LSEG), analysts tracking Boeing have given the company an average “Buy” rating

** As of Friday’s close, Boeing (BA) shares were down about 9% year-to-date, while rival Airbus (AIR.PA) shares had fallen about 2%

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