Why Boeing Stock Took Flight in November
Little has come easy for (NYSE: BA) over the past five years, as the aerospace giant has weathered both engineering woes and the impact of the pandemic. But investors are seeing signs that suggest the worst is now behind Boeing, sending shares up 24% in November, according to data provided by S&P Global Market Intelligence.
Boeing hasn't given investors much to get excited about in recent years. Its 737 MAX, an aircraft that was once hyped for its potential to be the best-selling airframe in history, was grounded for 18 months after a pair of fatal accidents that led to a redesign. Before the MAX could get flying again, the pandemic caused airlines to scale back orders, cutting into Boeing cash flow.
The aerospace giant has also experienced setbacks in its defense arm, and in commercial designs, including its 777X wide-body jet.
Source Fool.com
Boeing Co. Stock
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With a target price of 221 € there is a positive potential of 28.41% for Boeing Co. compared to the current price of 172.1 €.
