We recently published 12 Stocks Jim Cramer Talked About. Aerospace firm The Boeing Company (NYSE:BA) is one of the stocks that Jim Cramer talked about.
Aerospace firm The Boeing Company (NYSE:BA)’s shares are up by 28% over the past year and by 4% year-to-date. Bernstein bumped the share price target to $277 from $267 and kept an Outperform rating on the shares in January. The financial firm explained that The Boeing Company (NYSE:BA)’s progress with its 767 and 787 aircraft was satisfactory and added that the defense business was also undergoing a recovery. UBS also discussed the shares as it raised the price target to $285 from $275 and kept a Buy rating. Part of the bank’s coverage included The Boeing Company (NYSE:BA)’s free cash flow and improved production processes to influence the share price target bump. Cramer has also been increasingly positive on the firm as he has repeatedly praised its CEO. The CNBC TV host tweeted about The Boeing Company (NYSE:BA) on February 5th and wondered whether the shares could touch $250:
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“Boeing, one of my favorites in the trust: lotta chatter of big wins out of China and Saudi Arabia. Given that they are getting better and better and quicker at making new planes these could take the stock back to $250.”
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Disclosure: None. This article is originally published at Insider Monkey.
