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Why Boeing Stock Popped Today

Why Boeing Stock Popped Today

Shares of commercial airplane-builder Boeing (NYSE: BA) look ready to take off, says investment bank Morgan Stanley in a note out this morning, and could even rise as much as 80% in price over the next 12 months. Investors seem at least partially swayed by the argument, and Boeing stock is up the first 2% out of those 80% as of 11:05 a.m. ET Wednesday. Last week, Boeing stock got hit on a bit of bad news, which included reports that China's Xiamen Airlines has elected to buy A320neo aircraft from Airbus rather than 737 MAXes from Boeing.