Boeing upgraded to Buy from Hold at Freedom Capital

Freedom Capital upgraded Boeing (BA) to Buy from Hold with a price target of $223, up from $217. Boeing’s Q3 marks a cautious recovery, with stronger operational performance and gradual regulatory confidence, the analyst tells investors in a research note. The Commercial Airplanes unit increased deliveries to 160 aircraft, and the 737 program gained approval to lift output to 42 units per month. Despite lingering quality concerns, production stability is improving under the FAA’s careful oversight, the firm says.