5 Best Defense Stocks To Buy Now

2. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 57

The Boeing Company (NYSE:BA) is a multinational American corporation that engages in the design, production, and sale of airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles on a global scale. Additionally, the company offers leasing and product support services.

On August 28, TD Cowen analyst Cai von Rumohr increased his price target on The Boeing Company (NYSE:BA) to $260 from $255 while maintaining an ‘Outperform’ rating on the company’s stock.

Insider Monkey’s database of 910 hedge funds shows that 57 hedge funds had stakes in The Boeing Company (NYSE:BA). The biggest stakeholder of The Boeing Company (NYSE:BA) was Adage Capital Management, which had a $438.60 million stake in the company.

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