Boeing reports second-quarter revenue beat, boosts 737 production goals

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Go back to Boeing reports second-quarter revenue beat, boosts 737 production goals

Boeing (BA) stock extends rally as Bank of America moves to Buy

July 27, 2023 6:18 AM EDT

The worst is behind Boeing (NYSE: BA) says Bank of America analyst Ronald Epstein after upgrading the stocks rating to Buy from Neutral.

Shares in the aero and defense giant surged as much as 8.7% on Wednesday following the companys second-quarter results. Boeing reported revenue of $19.75 billion, easily ahead of the Street at $18.49B.

Even more positively, the company said it generated $2.58B in adjusted free cash flow while analysts... More