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Boeing Soared on Cowen Analyst’s Positive Comments

Andrew Brunton
Boeing Soared on Cowen Analyst’s Positive Comments

Boeing (BA) rose 2.7% yesterday after Cowen aerospace analyst Cai von Rumohr named the company his number one stock pick for 2019. In a note to clients, Rumohr said, “Most investors miss the power of BA’s favorable production environment and potential to deliver extended cash flow ramp,” CNBC reported. The analyst believes Boeing “is in a production sweet spot” that’s driving its robust cash flows.