Boeing, Equinix added to Signature Picks at Wells Fargo

Wells Fargo is adding Boeing (BA) and Equinix (EQIX) to Signature Picks, an eclectic stock portfolio culled from his research department’s highest-conviction ideas. Boeing is a play on the secular growth story of global air travel. WFS Aeropsace & Defense analyst Matt Akers sees robust cash generation, an under-supplied market, and easing growth concerns underpinning strong stock gains over the coming quarters. Equinix is a best-in-class data center REIT. WFS Telco & Comms Infrastructure analyst Eric Luebchow expects accelerating revenue growth, favorable pricing, and robust cash flow to drive outperformance in 2023. Wells Fargo has Overweight ratings on both stocks.