Ignore Boeing's Headwinds -- It's a 'Buy'

(TheStreet) -- Shares of Boeing BA, the world's largest maker of commercial jetliners, have been stranded on the tarmac. They've advanced 3.3% versus 10% for the S&P 500 Index over the past year. Investors are concerned about delays for the production of the highly anticipated Dreamliner aircraft, to the latest news of a probe into Boeing's manufacturing plant -- a 737 flown by Southwest LUV had its roof peel off mid-flight. Boeing reports first-quarter results before the bell Wednesday, with analysts expecting adjusted profit of 70 cents a share, up from 64 cents a year earlier. Sell-side analysts are moderately bullish, with 19 "buys" of 29 total and an average price target of $82.70, compared with the current price of about $75.50. Continue reading the article.