Last Quarter's Earnings Beat Still Isn't the Best Reason to Own Boeing
Kudos to Boeing (NYSE: BA), and congratulations to shareholders. The stock popped following Wednesday's estimate-beating second-quarter earnings release. The aircraft manufacturer continues to work its way out of trouble.
The earnings beat and the company's plans to ramp up production, however, still aren't the top reason an investor might want to own a piece of the company. Rather, the best bullish argument here is the ever-growing backlog of work to be done, the bulk of which is contractual.
But first things first.
Source Fool.com
Boeing Co. Stock
€167.64
-0.320%
Our community is currently high on Boeing Co. with 36 Buy predictions and 6 Sell predictions.
As a result the target price of 225 € shows a positive potential of 34.22% compared to the current price of 167.64 € for Boeing Co..
