Boeing gains as Goldman Sachs names it Top Pick
) shares rose over 1% in early New York trading on Wednesday after Goldman Sachs analysts added the stock to their flagship ‘US Conviction List - Directors’ Cut’, which consists of the most differentiated fundamental Buy-rated names across the broker’s U.S. research coverage.
This perspective leads to the belief that there is a buying opportunity in “this domestic half of the global aircraft manufacturing duopoly.” The analysts also noted there are fewer and fewer production challenges for Boeing, while defense margins should improve with time.
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