Benzinga
JPMorgan Upgrades Boeing, Sees Huge Upside
JPMorgan analyst Seth Seifman upgraded Boeing Co (NYSE: BA) to Overweight from Neutral and raised the price target to 5 (an upside of 21.38%), from $260. Seifman says the shares have a “fairly defined catalyst path,” and the first, China’s MAX certification, “is now in view.” Further, Boeing’s position at the center of global air travel “offers confidence that it will recover financially over time, and we believe risk-reward now skews favorably,” says the analyst. Seifman admits the upgrade “may
