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UPTICK IN BOEING ORDERS TO DRIVE SHARE PRICE UPWARDS, SAY ANALYSTS

Dino D'Amore
By Dino D'Amore Apr 18, 2011 0 mins read
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UPTICK IN BOEING ORDERS TO DRIVE SHARE PRICE UPWARDS, SAY ANALYSTS

Analysts have stated that Boeing shares are undervalued and could be poised to climb by 35% over the next year or two, thanks to a big upturn in aircraft orders.

The April 18 Barron’s report says worries over the 787 delays and  competition from China “appear to be misplaced” and “ignore a powerful upturn in the company’s order cycle.”

The stock is expected to rise to over $100 a share. Boeing shares currently trade around $72 a share.

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