Citi initiates coverage of The Boeing Company (NYSE: BA) with a Buy rating and $265 price target, highlighting the aerospace and defense sector’s potential for growth. The research firm sees positive trends ahead, with expectations for a trillion-dollar market cap company in the sector.

The Boeing Company (NYSE: BA) completes its acquisition of Spirit AeroSystems, expanding its capabilities in fuselages for various aircraft programs. This deal enhances Boeing’s spare parts supply chain and aftermarket services, positioning the company for global maintenance, repair, and overhaul opportunities.

Boeing (NYSE: BA) is a prominent player in the aerospace industry, producing commercial airplanes, defense products, and space systems. The company’s recent acquisition and strategic positioning aim to strengthen its market presence and offerings in the aerospace sector.

For investors interested in AI stocks, potential upside may be found elsewhere despite Boeing’s positive outlook. Consider exploring opportunities in undervalued AI stocks that align with current economic trends for a balanced investment portfolio.

Read more at Yahoo Finance: Boeing (BA) Gets Buy Rating from Citi, Completes Spirit AeroSystems Acquisition