Boeing Analysts Most Bullish Since 2022 on Company's 'Momentum Shift'

Boeing Co.'s efforts to turn around its business have caught the attention of Wall Street, with analysts turning extremely bullish on the company.

This week saw the highest number of buy recommendations on Boeing since October 2022, after back-to-back upgrades from Argus Research Corp. and BNP Paribas within a span of just 10 days.

According to Bloomberg, not one of the 32 analysts tracked by them recommend selling the stock, a clear indication that investors are optimistic about Boeing's prospects.

The recent momentum shift has been attributed to Boeing's efforts to revamp its business and improve its financial performance.