|Bid||234.50 x 900|
|Ask||234.89 x 1100|
|Day's Range||231.38 - 235.38|
|52 Week Range||174.62 - 243.10|
|Beta (5Y Monthly)||1.48|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 13, 2020|
|1y Target Est||N/A|
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Aerospace manufacturer Boeing (BA) is flying high, racking up a handful of stock upgrades by Wall Street analysts and putting it on the runway to end 2023 in the green. Stifel Research Analyst Bert Subin — who initiated coverage on Boeing with a "Buy" rating at a $265 per share price target — explains that Boeing's production is picking back up to make up for disruptions on jet deliveries, discussing the company's own stock forecasts. "Ultimately, the airlines are going to need to produce their own free cash flow to ultimately purchase these aircraft, but as long as the outlook... remains okay, given the age of the average fleet, there is going to be quite a bit of demand to replace one of our aircraft," Subin says to Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
In the most recent trading session, Boeing (BA) closed at $233.87, indicating a +0.97% shift from the previous trading day.
The U.S. Air Force has eliminated Boeing from its competition to develop a successor to the E-4B Nightwatch, Boeing confirmed on Friday, shaking up the battle to build the next version of the aircraft known as the "Doomsday Plane" due to its ability to survive a nuclear war. The move leaves privately-held defense contractor Sierra Nevada Corp as the lone company publicly vying for the Survivable Airborne Operations Center (SAOC) contract to eventually replace a fleet that has been in use since the 1970s. The Air Force, which plans to award a SAOC contract in 2024, declined to comment on whether other firms had submitted bids.