Boeing stock has the potential to climb 50%, analyst says
More research analysts are updating their opinions on Boeing stock after the company’s eagerly anticipated earnings update last week, and most of them are bullish.
What’s new. Aerospace and defense is one of the best performing industrial end markets out there, and Vertical Research Partners analyst Rob Stallard took stock of the industry Monday after 10 aerospace companies reported earnings over the past two weeks. “Underlying industry trends have pretty much carried on from where we left off in 2018,” wrote Stallard.
But Wall Street isn’t abandoning Boeing stock in favor of other aerospace firms. More than 65% of analysts covering the company rate the shares a Buy, 10 percentage points better than the average buy rating-ratio for stocks in the Dow Jones Industrial Average.
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