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Citigroup upgraded Boeing to "Buy" despite a large quarterly loss, citing growth potential.
Citigroup initiated Boeing with a buy rating and $265 target, citing potential upside despite a $7.47 per share loss in Q3, which missed estimates by $6.96.
Revenue rose 30.4% year-over-year to $23.27 billion.
The stock opened at $204.33 with a market cap of $155.31 billion.
Analysts expect a $2.58 per share loss for the fiscal year.
Insider trading showed SVP Dana Deasy buying shares while EVP Uma Amuluru sold.
Institutional investors hold 64.82% of shares.
The consensus rating remains "Moderate Buy" with a $232.96 target.
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Citigroup actualizó Boeing a "Buy" a pesar de una gran pérdida trimestral, citando el potencial de crecimiento.