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Goldman Sachs Reaffirms “Buy” Rating on Boeing (BA)

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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