Boeing's stock increase of over 2% on a day when the broader market is struggling reflects positive sentiment from a Wall Street analyst upgrade by Bernstein. Douglas Harned boosted Boeing's rating to "outperform" and set a new price target of $218, indicating a potential growth of 20%. Harned commended Boeing's turnaround efforts, asserting that the company is regaining momentum after recent setbacks. Despite current trading around $181, Boeing's stock is 8.2% below its 52-week high, suggesting there's still room for recovery.
Boeing is benefiting from a positive analyst call after Bernstein recommended buying BA stock now while the getting is good and even injected some signs of FOMO for investors.
Bernstein's Douglas Harned reportedly upgraded Boeing stock to an "outperform" rating from "market perform" and lifted the price target to $218 per share, suggesting the stock has runway for gains of a whopping 20%.
According to the analyst firm, Boeing has the potential to pick up where it left off before recent setbacks, and is making the progress it needed for the growth trajectory it was on.
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