Boeing Now a “Conviction Buy” at Goldman Sachs (BA)

Filed in Gold, Gold Investment, goldman sachs, shares, upgrade by on May 10, 2010 0 Comments

Aircraft maker The Boeing Company ( BA ) was upgraded to Goldman Sachs’ prestigious “Conviction Buy” List on Monday, sending its shares higher in premarket trading. The firm also set a $90 price target on the stock, which had closed at $66.72 on Friday. Goldman cited several factors for the upgrade, including “BRICs exposure, credit normalization, a product story, the consumer recovery, favorable industry structure, and favorable company-specific dynamics.” Boeing shares jumped $3.28, or +4.9%, in premarket trading Monday. The Bottom Line We have been recommending shares of BA since Aug.27, when the stock was trading at $47.82. The company has a 2.52% dividend yield, based on Friday’s closing stock price of $66.72. The Boeing Company ( BA ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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 .

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Boeing Now a “Conviction Buy” at Goldman Sachs (BA)

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