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Odaily Planet Daily News Boeing's business transformation efforts are winning enthusiastic applause from Wall Street, with analyst bullish sentiment on the company reaching its highest level in nearly four years this week. On Tuesday, after Argus Research and BNP Paribas successively upgraded their ratings within ten days, the proportion of buy recommendations for the aircraft manufacturer rose to its highest level since October 2022. Among the 32 analysts tracked by institutions, none recommend selling the stock.
As analyst optimism heats up, Boeing finally received long-awaited certification from the U.S. Federal Aviation Administration for its 737 Max 7 jetliner last week, ending an approval process that had dragged on for nearly a decade and was plagued by two fatal crashes and quality lapses. The company's CEO, Stephanie Pope, called it "a pivotal moment in Boeing's recovery." Boeing's stock has largely moved sideways this year, rising only about 6%, while the broader market has jumped 13% over the same period. Its biggest competitor, Airbus, saw its Paris-listed shares rise about 8% during the same period. (Jin Shi)
