Boeing Outlook Steady With Defense Upside, BofA Analyst Says

BofA Securities reiterated its confidence in Boeing Co (NYSE:BA) on Wednesday. The bank maintained a Buy rating and a $270 price forecast. This follows a fireside conversation with Boeing CFO Jay Malave at the BofA Global Industrials Conference in London.Boeing shares are under pressure. Why is BA stock trading lower?Production Rates Hold FirmMalave noted steady production performance across key programs. The company remains focused on internal safety and quality Key Performance Indicators (KPIs). On the 73 ...