Stocks
BNP Paribas Dubs BA 'Outperformer' as FAA Clears 737 MAX 7
Shares of Boeing Co. (BA) surged nearly 7% on Monday after the company received a rare double upgrade from BNP Paribas.
The analyst firm upgraded BA to 'Outperform' from 'Underperform', lifting its price target to $300, which represents an upside of approximately 39% from Friday's close.
The FAA also certified the long-delayed Boeing 737 MAX 7, clearing a key regulatory hurdle for the aircraft and paving the way for airlines to begin introducing it into service.