Boeing’s Terrible Earnings Have Left Wall Street More Bullish. Here’s Why.

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Jan. 27, 2023 10:19 am ET

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Free cash flow at commercial aerospace giant Boeing has stabilized. Earnings, however, are all over the place. That isn’t bothering Wall Street, though—the stock remains attractive and target prices are moving higher.

On Wednesday Boeing (ticker: BA) reported a loss of $1.75 a share. Wall Street was looking for a 20 cent loss. It was a big miss, but shares finished up 0.3% on the day. Investors are inured to big misses from the company.