Goldman Sachs Gives Color on The Boeing Company

Goldman Sachs has published a report on the Boeing Company BA evaluating the recent quarter at the aerospace manufacturer. In the report, Goldman Sachs wrote, "We add Boeing to the Americas Conviction List. We continue to favor BA for all the reasons that have driven our Buy rating to date: late-cycle orientation, largest exporter in the US, it is the middle of an order cycle, the 787 product cycle (and associated large R&D tailwind), need to catch up on last cycle's intentional undersupply of the market, and upside to consensus." Goldman Sachs rated Boeing a BUY with a price target of $86.00. Boeing closed Friday at $62.75.