Boeing remains a ‘show me story,’ says Morgan Stanley

Morgan Stanley analyst Kristine Liwag noted that Boeing reported its first positive free cash flow year since 2018, but added that the market reaction that left the stock largely in line despite such "a milestone achievement" supports the firm’s thesis that the stock is "leaving a catalyst rich period behind and is evolving to an execution story." Following yesterday’s report, the firm reiterates an Equal Weight rating and $220 price target on Boeing shares.