The Fly

Morgan Stanley sees reasons to remain bullish on Boeing after rally

Morgan Stanley analyst Kristine Liwag said in a note before the open that she has been receiving "a lot of investor questions regarding whether this is the time to buy Boeing" or if the trade is over after the stock’s rally of up 48% from its trough. In a note titled "Time to Be a Bull or a Bear?" Liwag said she remains positive on the outlook for aircraft demand and deliveries and said it is "clear" that "the worst is behind the company" even though Boeing still "has a lot of work to do" in stabilizing the supply chain, delivering aircraft from inventory, and preparing for the next rate break in BCA. Liwag maintains an Overweight rating and $213 price target on Boeing shares.

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