Why Boeing Is On Goldman Sachs' Conviction List
Portfolio Pulse from Priya Nigam
Goldman Sachs analyst Noah Poponak maintains a Buy rating on Boeing Co (NYSE:BA) with an unchanged price target of $258, citing strong demand for new aircraft and recent airline commitments to buy Boeing planes. The stock is included on Goldman Sachs' Conviction List, and shares rose by 1.48% to $207.57. The demand outlook remains positive, with potential additional demand from China, and expectations for delivery ramp-ups through the end of 2023 and into 2024.
November 14, 2023 | 6:59 pm
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Goldman Sachs analyst Noah Poponak maintains a Buy rating on Boeing with a price target of $258, highlighting strong demand for aircraft and recent airline commitments. The stock is on the Conviction List and shares have risen.
The positive outlook from Goldman Sachs, including the inclusion of Boeing on the Conviction List and the maintained Buy rating, suggests strong investor confidence and potential for stock price appreciation. The recent rise in share price following the announcement further supports a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100