Analysts at Canaccord Genuity on Thursday increased their price target on Boeing Co. shares to $215, from $200, saying the aerospace and defense company benefits from a “perfect storm” of stability in fuel prices and interest rates, strong fundamentals, and improving macroeconomic outlook. Boeing’s second-quarter earnings, released Wednesday, beat Wall Street expectations, and the stock has rallied to a record, trading as high as $242.68 on Thursday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News