Analysts Just Updated Ratings of These 5 Stocks

3. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 52

The Boeing Company (NYSE:BA) received an upgrade from Citigroup on Thursday, June 16, 2022. The research firm raised its ratings for the Virginia-based aerospace giant from “Neutral” to “Buy.”

The research firm said the fair value of The Boeing Company (NYSE:BA) stock would be $209 if its programs (737 MAX, 777X, 787) meet Citi’s production and profitability projections. Citi analyst Charles Armitage expects 737MAX to return to commercial service. He also anticipates 787 deliveries resuming in the near future.

The Boeing Company (NYSE:BA) stock has been struggling to gain value since the coronavirus outbreak in 2020. The company’s share price has plummeted about 42 percent over the past 12 months and roughly -34 percent so far in 2022.