20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Susquehanna analyst Charles P. Minervino reiterated a positive rating on the shares of Boeing Company (NYSE:BA), with a price target of $260.
The analyst applauds Boeing's most special order in the Paris Air Show from Air India, which is for up to 290 aircraft.
It is Boeing's most significant order in South Asia, Minervino notes.
Related: Boeing Receives Orders From Air India For 290 New Single-Aisle, Widebody Jets
The analyst remains remarkably upbeat about the fuel efficiency of the 737 aircraft that several customers over the past six months are citing as a primary reason for purchase.
The analyst mentioned that Boeing is well-positioned to benefit from the long-term growth in the commercial market and increasing demand for fuel-efficient narrowbodies.
The analyst remains confident that Boeing can overcome the near-term production challenges and is well-positioned for sustainable long-term growth.
Minervino also expects the company to boost performance from international travel growth and production rate increases.
The analyst cites delays in deliveries in specific defense contracts and margin risk have affected Boeing's Defense, Space & Security segment and could continue to be overhangs if not resolved.
Also Read: Boeing's Frustrating Supply Chain Saga: From Progress to 'Surprise Issues'
Price Action: BA shares are trading lower by 2.4% to $206.92 on the last check Thursday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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