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UPDATE 1-RESEARCH ALERT-Goldman raises Boeing to buy

* Adds Boeing to conviction list * Cuts General Dynamics to neutral May 10 (Reuters) - Goldman Sachs raised Boeing to "buy" from "neutral" and added the stock to its Americas Conviction List, citing its exposure to most of the global themes that are driving outperformance in stocks. Shares of the company rose more than 6 percent at $70.82 Monday morning on the New York Stock Exchange. "We believe the key to what we missed, and why the stock can continue to outperform, is its breadth of leverage to positive global themes in the market today," said analyst Noah Poponak, who is bullish on the aerospace segment. The analyst cited Boeing's exposure to the BRIC nations, credit normalization and the consumer recovery among other reasons for the stock upgrade. Poponak downgraded General Dynamics to "neutral" from "buy," saying it preferred other aerospace names, but said the stock remained its favorite large-cap defense name. He removed Goodrich Corp from Americas Conviction Buy List to make room for Boeing. (Reporting by A.Ananthalakshmi in Bangalore) Keywords: BOEING/RESEARCH GOLDMAN (ananthalakshmi.as@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S.

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