Boeing is Now a Buy and Could Gain 14%, Analyst Says
Snapping up shares of Boeing (NYSE: BA) now could earn an investor a double-digit return before long. That's the belief of veteran Cowen aerospace analyst Cai von Rumohr, who on Tuesday upgraded his recommendation on the stock to "outperform" from the previous "market perform." The prognosticator also substantially lifted his Boeing price target -- it's now $290 per share, from $240.
The key reason is straightforward: A dramatic increase in consumer demand for air travel from people who have been locked in place too long.
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Source Fool.com
