Tell us a mega cap stock that has 50% upside in the near term. Not so easy. That is what makes the current discussion of Boeing so compelling. The stock has been hurt by the 737 MAX fallout after the Ethiopian Airlines crash in March. Yet, overall, the trend for Boeing and other aeronautics companies is strong. Jefferies analyst Greg Konrad finds the stock so compelling, he believes there is 50% upside. More than 65% of analysts covering the stock rate it a buy.
FINSUM: It seems like there is a pretty clear path to put the 737 MAX issues in the rear view mirror and get the stock back on track. Could be a good opportunistic buy.