Boeing (BA) Shares Rise as Analyst Upgrades to Outperform
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Shares of Boeing (NYSE: BA) are outperforming the broader markets today, currently up 3.6% to $48.90.
Some of today's upside can be attributed to an upgrade from Macquarie Research early this morning. The firm moved its investment rating on the aerospace-giant from Neutral to Outperform, citing a recent pullback in the stock's price (down 10% since the end of Sept.).
Although Macquarie notes additional delays in the 787 Dreamliner program as a possible risk, it believes that underlying strength in the overall aerospace business cycle outweighs this potential headwind.
To see all the recent analyst calls on shares of Boeing, visit our Analyst Ratings page.
The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.
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