With the shares down nearly 12 percent over the past year, aerospace giant Boeing has been plagued by a regulatory investigation into the program accounting for its 787 Dreamliner and 747 jumbo aircraft. The probe prompted one JPMorgan analyst to downgrade the stock for fear of a "damaging overhang" that could impact sentiment.
At the time the investigation was reported Boeing had no comment, according to media reports.
But Pinto still sees growth prospects for the company's sales in China, where there is a fraction of the planes per capita compared to the U.S.
"There's certainly pockets of weakness in the industrial side of things, and there's no question it's a tough sector to make money in," Pinto said. "But one of the things we like about Boeing is that the commercial aircraft cycle, we think, is still in really good shape. Boeing's got a backlog of seven to eight years and there's a lot of demand for commercial aircraft coming out of China."
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