Bearish Analysts Throw Within The Towel On Booming Boeing Stocks

“Our negative call on Boeing was predicated on margin headwinds in Boeing Commercial Airplanes,” wrote analyst Matthew McConnell.
“We are capitulating on our Underperform rating as Boeing executes well on cash flow, Boeing Commercial margins, and the production ramp on the 737.
Boeing shares rose 3 percent in early trading Thursday morning.
Though Wall Street research firms seldom highlight their incorrect calls, RBC Capital conceded in a note to clients that its previous underperform rating on Boeing shares was a mistake.
The firm raised its rating on the aircraft maker’s stock to sector perform from underperform.

Read more on: