Boeing stock 'lagging' the S&P, gets upgrade to buy from Wells Fargo

Analysts at Wells Fargo raised their rating on Boeing Co. stock to the equivalent of buy, saying in a note Wednesday they see "a positive risk/reward balance with the stock lagging the S&P 500 by (about) 30% since its March high." Boeing stock likely benefits from China re-certificating the 337 Max, resumption of 787 deliveries, higher fuel prices driving more aircraft retirements, and easing international travel restrictions, the analysts said. Moreover, there's "limited downside" as...