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[jimmybob]

Boeing upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman Sachs analyst Noah Poponak added Boeing to the firm's Conviction List while keeping a Buy rating on the shares with a $225 price target. The current environment presents a new aircraft supply and demand "challenge," but it is manageable, Poponak tells investors in a research note. Airlines fleet plan in multi-year periods of time, and many are now planning to substantially increase retirements to continue taking new deliveries, says the analyst. With Boeing's pace of backlog revision "now slowing and better understood," and its new backlog coverage "still robust," Poponak sees an opportunity in Boeing shares. He calls Boeing a "rare cyclical investment opportunity ahead of eventual end-market improvements."