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Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed today: upgrades at Boeing, Affirm, and MercadoLibre , and a Buy initiation at Estee Lauder.
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Boeing gains on RBC Capital upgrade
Boeing (NYSE:) shares rose more than 2% pre-market today after RBC Capital upgraded the company to Outperform from Sector Perform and raised its price target to $275.00 from $200.00, as reported in real-time on InvestingPro.
RBC’s report highlighted the early signs of a shift in investor sentiment regarding Boeing’s stock. The analysts pointed out Boeing’s strong position in the commercial aerospace cycle, despite its stock underperformance in the last two years due to slow FCF improvements.
“However, we believe buy-side expectations for 2024-2025 FCF reflect conservatism, and as execution on the MAX and 787 continue to gradually improve, we believe the potential for positive revisions is growing,” commented the analysts.
RBC expects continued strong demand in both commercial and defense sectors for Boeing, along with improved…
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