Boeing a Goldman Conviction Buy – Travel, Orders Are Catalysts

Boeing a Goldman Conviction Buy - Travel, Orders Are Catalysts

Boeing a Goldman Conviction Buy – Travel, Orders Are Catalysts


Boeing  (BA) – Get Report was added to Goldman Sachs’s Conviction Buy list, with the investment firm listing a number of potential catalysts and a media report saying the company was close to moving more 787 production to South Carolina.

Shares of the world’s No. 2 aircraft maker at last check were lower by 2.3% to $157.49, on a day when stock futures are pointing lower. Boeing shares had dropped 50% year to date through Friday amid the coronavirus pandemic.

“Boeing shares are off the lows but have underperformed (S&P, XLI and A&D [aerospace and defense]) in recent weeks, despite the market starting to rotate into other value stocks, as economic reopenings occur,” the investment bank said.



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