Why Boeing Stock Is Gaining Altitude Today
(NYSE: BA) got a big endorsement for its 737 MAX line from an Indian customer, providing investors with a sign that demand for the plane remains strong despite its latest quality issues. Investors are cheering the news, sending shares of Boeing up nearly 4% as of 1 p.m. ET Thursday.
Boeing's 737 MAX is under scrutiny yet again. Once expected to be among the best-selling airframes of all time, the plane was grounded for 18 months beginning in 2019 after a pair of fatal accidents. It returned to the skies in late 2020, but has been the subject of a number of smaller probes and incidents in the quarters since.
The latest issue involves an Alaska Air Group plane that earlier this month lost pressurization at 16,000 feet after a door plug fell out midflight. The Federal Aviation Administration (FAA) is currently investigating the incident, which could impact nearly 200 similar planes operating worldwide.
Source Fool.com
Boeing Co. Stock
Currently there is a rather positive sentiment for Boeing Co. with 30 Buy predictions and 5 Sell predictions.
With a target price of 233 € there is a positive potential of 40.6% for Boeing Co. compared to the current price of 165.72 €.
