stocks
A trio of positive developments has Boeing shares soaring
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Boeing shares rallied approximately 6% due to three positive developments.
- Lower oil prices benefit airlines' profitability, indirectly boosting Boeing.
- BNP Paribas analysts upgraded Boeing's rating from underperform to outperform with an increased price target.
- The FAA certified the Boeing 737 Max 7 after a series of delays.
- Certification of the 737 Max 7 is expected to lead to the certification of the 737 Max 10.