What Happened
Analyst Sees Certification By Year-End, 36% Upside For Boeing
Boeing Co. stock ticked higher overnight after the FAA said a 737 MAX software glitch does not pose a flight safety risk. Jefferies maintained its ‘Buy’ rating, saying the decision could clear the way for MAX 10 certification by year-end. The analyst implies a 36% upside to the stock’s last closing price. The FAA’s finding removes a potential obstacle for Boeing as it works to advance the MAX 10 program, which has more than 1,500 orders. This development was first reported by TradingView News.