Boeing — Shares of the aerospace giant slipped 1.3% after Cowen downgraded its rating on Boeing to market perform from outperform. The firmed warned that Boeing’s free cash flow is likely to hold steady in the coming years as the company’s “turnaround will take time” as it works through issues with its 737 Max aircraft. The Cowen note did not reference Tuesday’s crash of Boeing 737-800 aircraft in Iran.
