- The Dow surges more than 300 points toward its best single session rise in about seven weeks, boosted by another big gain in Boeing (BA +3.6%), which has contributed about a third of the Dow’s rise from its first close above 25,000 on Jan. 4, by far the most points of any index constituent.
- Boeing also continues to climb faster than any other stock in the index, up another 17% YTD after rising 89% last year.
- Analysts are jumping on the bandwagon, with B. Riley raising its BA stock price target to $433 from $380 as it expects a solid Q4 report and 2018 guidance as well as free cash flow rising with a reduced tax rate, to as high as $26/share in 2020, helping push the shares to new all-time highs; analysts at Baird, Citi and elsewhere also have raised price targets.
- The stock's rise continued virtually uninterrupted today despite a report that Brazil regulators will come out against BA's potential takeover of Embraer (ERJ -0.2%).
- ETFs: DIA, UDOW, DOG, DXD, SDOW, DDM, UDPIX
- Now read: Eroding Share For Boeing
Original article