Boeing Stock Slips on US Army Apache Grounding

The US Army has temporarily grounded its Apache helicopter fleet following a fatal crash that killed two soldiers near Fort Hood in Salado, Texas.

The incident occurred on August 14 and led to a nearly 1% decline in Boeing stock, which has now pulled back roughly 12% from its 52-week high of $254.

Despite the setback, analysts remain broadly positive about Boeing's future prospects, with an average price target of around $275 implying more than 23% upside from current levels.