Why Boeing Stock Is Gaining Altitude Today
(NYSE: BA) received a massive order for one of its most important customers and could be in for a windfall as the U.S. tries to repair relations with China. The combination has investors taking a fresh look at the aerospace giant, sending shares of Boeing up about 4% as of 10:30 Eastern on Monday.
Boeing investors have been flying through turbulence for years now. The stock was hit first by the grounding of the 737 MAX following a pair of fatal crashes, then by the pandemic and its impact on airlines.
Both of those problems are now in the past, but the aerospace giant has struggled to get airborne again. Its 777X has been plagued with delays that have led key customers to question the viability of the program, and the MAX has remained grounded in China even after it resumed flying elsewhere.
Source Fool.com
Boeing Co. Stock
With 42 Buy predictions and 4 Sell predictions Boeing Co. is one of the favorites of our community.
With a target price of 221 € there is a positive potential of 37.69% for Boeing Co. compared to the current price of 160.5 €.
