09.06.2020 Boeing Daily Analysis

09.06.2020 Boeing Daily Analysis

Boeing today is trading at $230.50, it is trading high with $25.07 thus 12.20% higher. This is mainly because of the riding a wave of investor optimism on the reopening of the U.S. economy and a revival in air travel. The stock rallied 11% on Friday and has skyrocketed 58% so far this month. Boeing gathered some analyst love over the weekend, as Goldman Sachs raised its stock price target to $238 from $209, saying delivery deferrals and cancellations among major airlines amount to 17% of deliveries in 2020 and 2020 - better than the market is anticipating - and Seaport Global issued a Buy recommendation and $277 price target, believing "the worst is now being priced in" absent another coronavirus outbreak.