Citigroup (NYSE: C) analyst Jonathan Raviv stated that the 747 MAX and the 777 X present the biggest challenge. If production and delivery levels are achieved, he sees the stock performing better. The market analyst added:
BA chart and analysis
Despite the stock being a downward trend, recent sessions have seen increased trading volumes, and the shares jumped back above the 20-day Simple Moving Average (SMA). A resistance line has been formed around the $140 line, and if the stock manages to break above, some upside could be seen. Meanwhile, analysts rate the shares a strong buy, predicting that the average next 12 months price could reach $214, which is 60.43% higher than the current trading price of $133.39. In essence, Citi’s preferred airline stock is Airbus (OTCPK: EADSF) since it has materially lower risk, according to them. Alternatively, BA shares have jumped 17% in the past two trading sessions, but it is still difficult to determine whether this trend will continue. Buy stocks now with Interactive Broker – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
