More research analysts are updating their opinions on Boeing stock after the company’s eagerly anticipated earnings update last week, and most of them are bullish. Boeing stock rose 0.2% for the week, a little better than the 0.1% weekly loss in the Dow Jones Industrial Average. Since the crash of an Ethiopian Air flight in mid-March, Boeing shares are down 9% compared with a gain of more than 4% for the Dow index. $16 billion gives Boeing stock a free cash flow yield of 5.6%, if shares traded at $570, in line with historical averages. Investors think they understand the path to get the 737 MAX flying again: review by global aviation authorities and test flights in August or September, followed by deliveries and a ramping back up of 737 MAX production.

Source: Ethiopian News April 29, 2019 20:57 UTC