Boeing (BA) Gets Buy Rating from Citi, Completes Spirit AeroSystems Acquisition

The Boeing Company (NYSE:BA) is 1 of the 14 Best Large Cap Stocks to Invest In Now. On December 12, Citi initiated sum of The Boeing Company (NYSE:BA), assigning the banal a Buy standing and mounting the terms people astatine $265.

Citi started sum connected 24 stocks successful the aerospace and defence sector. The probe steadfast pointed retired that the assemblage is seeing “a fig of megatrends” crossed commercialized aerospace, defense, space, and shipbuilding. According to Citi, these trends could pb to astatine slightest 1 institution having a marketplace headdress of 1 trillion dollars successful the coming years. The probe steadfast thinks that The Boeing Company (NYSE:BA) offers an “unusually charismatic mega-cap turnaround” story. For the aerospace and defence sector, Citi’s expert expects to spot trends amended successful the 4th quarter, with momentum carrying into the archetypal quarter.

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In different news, connected December 8, The Boeing Company (NYSE:BA) reported that it has concluded its acquisition of Spirit AeroSystems. This transaction includes fuselages for the 737 programme and cardinal structures for the 767, 777, and 787 Dreamliner. Additionally, the woody includes fuselages for the P-8 and KC-46 that are procured commercially.

According to the report, this woody brings The Boeing Company’s (NYSE:BA) biggest spare parts supplier in-house. It helps the institution turn its services for planetary maintenance, repair, and overhaul services. It besides adds Spirit’s aftermarket businesses to grow The Boeing Company’s (NYSE:BA) rotable, lease, and speech portfolio.

The Boeing Company (NYSE:BA) is simply a starring planetary aerospace institution that manufactures and services commercialized airplanes, defence products, and abstraction systems.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.