Boeing Co
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Industrials : Aerospace & Defense | Large Cap Value
Company profile

The Boeing Company is an aerospace firm. The Company operates in four segments: Commercial Airplanes (BCA); Defense, Space & Security (BDS); Global Services (BGS), and Boeing Capital (BCC). BCA segment develops, produces and markets commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. BGS segment provides services to commercial and defense customers worldwide. BCC's segment portfolio consists of equipment under operating leases, finance leases, notes and other receivables and assets held for sale.

Closing Price
$180.81
Day's Change
0.49 (0.27%)
Bid
--
Ask
--
B/A Size
--
Day's High
187.79
Day's Low
180.43
Volume
(Light)
Volume:
41,792,299

10-day average volume:
57,421,069
41,792,299

Boeing stock jumps after analyst says 'worst is priced in'

10:25 am ET June 8, 2020 (MarketWatch)
Print

Shares of Boeing Co. (BA) rallied nearly 12% on Monday, adding more than 150 points to the Dow Jones Industrial Average and leading the index after analysts at Seaport Global initiated coverage of the shares at a buy and travel-related stocks also gained. The Seaport analysts set a price target of $277 for Boeing, implying a 20% upside. "There are risks ahead, however, absent another COVID-19 wave, we think the worst is now being priced in," and Boeing is "an attractive investment," the analysts said. Overall investor sentiment remains neutral, but getting more positive. "Positive investor sentiment reflects an innate tendency to buy cyclical stocks anticipating a recovery. We're in agreement." Boeing shares have lost 28% this year, compared with losses of 1% and 4.2% for the S&P 500 index and the Dow.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 08, 2020 10:25 ET (14:25 GMT)

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