Citi Comments On Boeing Growth

According to Citi, Boeing

hosted a well-attended investor day at its facilities in Everett, & Seattle Washington. Citi said that interest was driven primarily by the positive dynamics on the commercial side of the business (new model deliveries and production rate increases), set against a resilient albeit less exciting (from an investor's perspective) defense business. “Reiterate Buy Rating — the investor conference strengthened our view that BA will see growth from: production rate increases on existing models, new model deliveries, a resilient defense business, declining R&D costs, and accelerating cash generation. Execution is no w key, but the risk / reward appears compelling at current levels.” Boeing closed yesterday at $76.64.