Aircraft maker The Boeing Company ( BA ) on Wednesday saw its "Buy" rating reiterated by analysts at Goldman Sachs following the company's annual Investor Day.
A Goldman analysts noted that BA "offered excellent visibility into growth, given strong demand for its current aircraft and the ramp-up of new platforms." The firm expects multiple positive catalysts in coming quarters, including higher orders for its next-generation products.
Last month, Boeing posted better-than-expected first quarter profits despite a drop in revenue from the prior year.
Boeing shares fell 57 cents, or -0.75%, in premarket trading Wednesday.
The Bottom Line
Shares of Boeing ( BA ) have a 2.22% dividend yield, based on last night's closing stock price of $75.57. The stock has technical support in the $70-$72 price area. If the shares can firm up, we see overhead resistance around the $80 price level.
The Boeing Company ( BA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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