Why Boeing's Stock Is Trading Higher Today

Boeing Co BA shares are trading higher on Thursday.

RBC Capital initiated coverage on the stock with an Outperform rating and a $164 price target.

The airline sector was one of the most affected sectors due to lower travel demands caused by the pandemic.

Boeing shares were trading up 5.28% at $140.36 at the time of publication on Thursday. The stock has a 52-week high of $391 and a 52-week low of $89.

Related Link:

Boeing Posts Q1 Miss, Says It Will Trim 10% Of Workforce