Morgan Stanley Believes Boeing's Share Price to Rise

According to Morgan Stanley, the share price on The Boeing Company (NYSE: BA) will rise over the next 60 days.

“We believe positive sentiment ahead may buoy Boeing's share price in the near term, significant enough to warrant a trading call. Key near term upside drivers include: (1) ongoing positive order trends leading into the Paris Show through mid to late June (2) anticipation of highly awaited 787 deliveries this Summer and (3) likely upbeat BA analyst meeting in May. Boeing share performance is highly correlated with orders, r-sqrd of .75 over the last 10 years, suggesting positive orders will reflect positively in the share price. Additionally, as we approach 787 first delivery, retirement of risk should further catalyze the stock.”

BA closed at $74.01 on Friday.