Bernstein Upgrades Boeing, Spirit AeroSystems And Airbus - Read Why

  • Bernstein analyst Douglas Harned upgraded Boeing Co BA to Outperform from Market Perform and raised the price target to $279, from $252, implying an upside of 27.7%.
  • Spirit AeroSystems Holdings, Inc. SPR upgraded to Outperform from Market Perform, and the price target raised $66, up from $53, implying an upside of 53.1%. 
  • Airbus SE EADSY upgraded to Outperform from Market Perform, and PT raised to €142 from €121.
  • Harned believes "we are finally heading to the inflection point for global travel." 
  • He further adds that the investment story "is not totally clean," but it is heading in the right direction.
  • He upgraded Airbus, Boeing, and Sprit on an increased traffic and capacity forecast and raised delivery outlooks.
  • Price Action: BA shares are trading higher by 2.72% at $224.36, while SPR is trading higher by 3.67% at $44.74 during the premarket session on Wednesday.
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