Why Boeing Shares Are Gaining Altitude Today
Long-suffering Boeing (NYSE: BA) investors were treated to some good news on the labor front over the weekend, and the stock is reacting positively on Monday morning. Boeing shares are up 5% as of 10:30 ET after the aerospace giant reached a tentative deal with the union representing 33,000 striking members.
Boeing has been hit by one setback after another over the past five years, ranging from internal engineering problems to the pandemic's effect on airlines. The latest blow came last month when members of the International Association of Machinists and Aerospace Workers (IAM) walked off the job.
Over the weekend, Boeing and the IAM reached a deal for a 35% general wage hike over four years, a 4% annual bonus payout, and a sweetened 401(k) match. The offer also includes a $7,000 ratification bonus and pension enhancements.
Source Fool.com
Boeing Co. Stock
With 41 Buy predictions and 2 Sell predictions Boeing Co. is one of the favorites of our community.
With a target price of 230 € there is a slightly positive potential of 13.44% for Boeing Co. compared to the current price of 202.75 €.
