CNBC Pro

Goldman makes bold upgrade of Boeing shares, saying it has enough cash and air travel will return

Share
A pilot waves as a Boeing 777X airplane taxis during its first test flight from the company's plant in Everett, Washington, U.S. January 25, 2020.
Terray Sylvester | Reuters

(This story is for CNBC Pro subscribers only.)

With Boeing tumbling 80% from its record high amid the coronavirus crisis, Goldman Sachs said "substantial fear" has been priced in and investors can bet on the U.S. planemaker to recover on the back of its strong balance sheet and a rebound in air travel demand.

More In Pro News and Analysis

CNBC ProChina's Robinhood rivals are set for massive stock market gains on global expansion
CNBC ProRetail investors are buying these stocks into the reopening, UBS says
CNBC ProHere are the highlights of David Einhorn's latest letter and his biggest winning positions