Boeing: Wolfe Research still a buyer

(CercleFinance.com) - Analysts at Wolfe Research believe that it is time to return to the Boeing stock, reiterating their "outperform" rating on the stock.


They believe that the market's reaction to the announcement of a charge on the cargo/tanker version of the 767 has been overdone, following the share's fall of over 4% the previous day.

They add that a share price of under $200 is an attractive entry point, it added (cp: $198, +0.9%).

In another positive development, Japan Airlines overnight finalised an order for 21 737 MAX family aircraft worth about $2.55bn at list prices, a deal that some analysts see as a promising signal for demand for the aircraft group.


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