Boeing's stock gets a boost after J.P. Morgan gets bullish again

Shares of Boeing Co. BA, +0.36% got a 1.6% boost successful premarket trading Thursday, aft the aerospace and defence contractor was upgraded astatine J.P. Morgan, with expert Seth Seifman saying, "a heavy enactment and diving in." Seifman raised his standing to overweight, aft downgrading it to neutral successful March 2020. He raised his banal terms people to $275 from $260. "With the marketplace adjacent a record, we similar that BA has company-specific catalysts that should help, provided we debar a recession oregon eternal COVID-19 waves," Seifman wrote successful a enactment to clients. "[B]oeing's presumption astatine the halfway of planetary aerial question offers assurance that it volition retrieve financially implicit clip and we judge risk-reward present skews favorably." He said China's certification of Boeing's 737 MAX planes is "critical," and caller reports suggest it is approaching. Another overhang is the 787 transportation halt, which Seifman said seems apt to persist successful to the archetypal 4th of 2022. Boeing's implied banal terms summation would adhd astir 24 points to the Dow Jones Industrial Average's price, portion Dow futures YM00, +0.09% gained 35 points, oregon 0.1%.