UPDATE: RBC Capital Starts Boeing (BA) at Outperform

(updating comment)

RBC Capital analyst Michael Eisen initiates coverage on Boeing (NYSE: BA) with a Outperform rating and a price target of $164.00.

The analyst comments "Acknowledging the uncertainty regarding the 737-MAX and broader health of the airline industry, we see a favorable Risk/Reward profile in the stock. Following the myriad of negative headlines that have plagued the stock, and investors, over the past 18 months, we believe there is more torque to the upside with much of the “uncertainty” priced in."

For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.

Shares of Boeing closed at $130.44 yesterday.

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