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Boeing soars 12% in the Dow Jones after a purchase advice from Goldman Sachs

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Boeing 12% shot up in the Dow Jones after receiving a buy advice from Goldman Sachs, with a target price of $ 238 (vs. previous $ 209). The maker of civilian and military aircraft is the most bullish in the US index after receiving another buying advice from Seaport Global Securities, in this case with an assessment of $ 277.

Boeing It was one of the most punished companies during the March crash, as its shares plummeted until $ 89 last March 18. However, hope for a faster-than-anticipated revival of the economy has skyrocketed its actions to current $ 229.

This implies that Boeing stocks have bounced by nothing less than a 157% from its annual minimum, although at the same time they are still very far from their maximum of the last year, marked in September in $ 391.

For Seaport Global Securities, the worst risks associated with the Covid-19 pandemic have already been discounted by the market. Furthermore, these analysts consider that their Free cash flow it could exceed the consensus forecasts, which are currently very negative.

Boeing shares rebounded more than 40% last week, in line with those of the rest of the US airlines, since investors have discounted that the economy will return to its full performance during the summer, which will allow the entire aeronautical sector to recover its activity lost due to the health crisis.

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