5 Best Aerospace and Defense Stocks to Buy According to Hedge Funds

2. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 99

The Boeing Company (NYSE:BA) is among the 10 Best Aerospace and Defense Stocks to Buy According to Hedge Funds. On June 4, Jefferies reiterated a Buy rating on the stock with a price target of $295.

Earlier in the week, on June 1, Wells Fargo analyst David E. Strauss also maintained an Overweight rating on the aerospace company with a price target of $250, according to TipRanks.

Reaffirmations of their bullish views on The Boeing Company (NYSE:BA) from both firms reflect confidence amid recovering demand, increased production, and potentially further future orders from China.

During President Trump’s visit to Beijing last month, China announced that it would buy 200 Boeing jets. While talking to the press after concluding his trip, the U.S president said that the order could rise to 750 aircraft.

As of the close on June 5, Wall Street has a Strong Buy rating on the aerospace company with a one-year average share price target of $274.14, which represents an upside potential of 27%.

The Boeing Company (NYSE:BA) is a leading aerospace company that manufactures commercial airplanes, space systems, and defense equipment for customers in more than 150 countries.