BoeingStock – There is Plenty to Like About Aerospace Stocks, Including Boeing. Heres Why.
BoeingStock - There's Plenty to Like About Aerospace Stocks, Including Boeing. Here is Why. Wall Street is starting to take notice of the aerospace sector's recovery, growing more and more optimistic about the prospects of the entire industry which includes beleaguered Boeing. Friday evening, Morgan Stanley analyst Kristine Liwag moved the funding view of her […]

BoeingStock - There's Plenty to Like About Aerospace Stocks, Including Boeing. Here is Why.

Wall Street is starting to take notice of the aerospace sector's recovery, growing more and more optimistic about the prospects of the entire industry which includes beleaguered Boeing.

Friday evening, Morgan Stanley analyst Kristine Liwag moved the funding view of her regarding the aerospace industry to Attractive from Cautious. That's just like going to Buy from Hold on a stock, except it's for a whole sector.

She's also far more bullish on shares of Boeing (ticker: BA), raising her price objective to $274 from $250 a share. Liwag indicates that there's a "line of sight to a healthier backdrop." That's news that is good for aerospace investors.

Air travel was decimated by the global pandemic, taking aerospace and traveling stocks down with it. On April fourteen, 87,534 people boarded planes in the U.S., based on details from the Transportation Security Administration, probably the lowest number during the pandemic and down an incredible 96 % year over year. That number has since risen. On Sunday, 1.3 million individuals passed through TSA checkpoints.

Investors have previously noticed everything is getting much better for the aerospace industry as well as broader traveling recovery. Boeing stock rose more than twenty % this past week. Other travel related stocks have moved also. American Airlines (AAL) shares, for example, jumped 14 % this past week. United Airlines (UAL) shares rose 11 %. Inventory in cruise operator Carnival (CCL) rose nine %.

Items, nevertheless, can continue to get better from here, Liwag noted. BoeingStock are down about forty % from their all-time high. "From our conversations with investors, the [aerospace] group is still largely under owned," published the analyst. She sees Covid-19 vaccine rollouts and easing of cross country travel restrictions as more catalysts that can drive sector stocks higher in the coming months.

Liwag rated Boeing shares Buy before publishing her updated industry view. Other aerospace suppliers she suggests are Spirit AeroSystems (SPR) as well as Raytheon Technologies (RTX). Her other Buy-rated stocks include defense suppliers like Lockheed Martin (LMT).

Lwiag's peers are actually coming around to her more bullish view. Around fifty % of analysts covering BoeingStock rate them Buy. At the April 2020 travel nadir, that number was under forty %. FintechZoom analysts, however, are having problems keeping up with recent gains. The typical analyst price target for Boeing stock is just $236, under the $268 level that shares were trading at on Monday.

BoeingStock was down aproximatelly 0.5 % in trading Monday. The S&P 500 and Dow Jones Industrial Average were both down somewhat.

BoeingStock - There's Plenty to Like About Aerospace Stocks, Including Boeing. Here is Why.

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