Boeing Stock Pops on Upgrade, Street-High Price Target

Core Viewpoint - Boeing Co's stock has seen a positive shift following an upgrade from BofA Securities, which raised its rating to "buy" and increased the price target significantly to $260 from $185, indicating strong potential for growth due to recent aircraft orders and easing trade tensions with China [1] Group 1: Stock Performance - Boeing's stock is currently up 1.3% at $209.80, reflecting a year-to-date increase of 19.4% [1][2] - The stock is nearing its 52-week high of $212.28, which was reached on May 29, and is approaching its first close above the $210 mark since February 2024 [2] Group 2: Market Sentiment - Despite the positive stock performance, options traders exhibit caution, as indicated by a Schaeffer's put/call open interest ratio (SOIR) of 0.97, which ranks in the 97th percentile of annual readings, suggesting a high level of pessimism among short-term options traders [3]