Boeing Upgraded to Buy at Bank of America as Trump Favors Planemaker for Trade Talks

The Trump administration has been including orders for Boeing Co. planes in trade discussions, and that’s helping to restore Bank of America Corp.’s confidence in the stock.

“Boeing aircraft have emerged as a favored trade mechanism in recent US trade negotiations, which we suspect will continue,” Ronald Epstein wrote in a research note. The analyst said deals — including a record order from Qatar Airways — as well as the end of China’s ban on airlines taking delivery of Boeing planes are creating a buying opportunity in shares.