Boeing stock is trading higher Monday, after a vote of confidence from JPMorgan, which boosted its price target on the aerospace giant.
The Back Story. Though 2018 was a year to forget for many stocks, Boeing (ticker: BA) did relatively well—it was the best-performing industrial stock in the Dow Jones Industrial Average last year—and it remains an analyst favorite in the new year: While the shares have benefited from upgrades, investors may be most impressed by its continuing earnings strength, at a time when few other companies can claim the same, despite a downbeatenvironment for defense stocks and ongoing headwinds for industrials. That’s allowed Boeing stock to jump more than 26% since the start of the year. more