Boeing’s Lone Bear Flips, Sees Path to Shares Doubling by 2030

Boeing Co.'s stock surged after BNP Paribas, previously the lone bearish analyst, upgraded the shares to "outperform." Analyst Matthew Akers cited overly pessimistic free cash flow estimates and anticipated risk reduction as Boeing completes aircraft certifications and reduces debt. He now believes the stock could more than double by 2030.