Buy this Blue-Chip Stock, Says Analyst

Deutsche Bank upgraded Boeing stock to “buy” this morning

Boeing Co (NYSE:BAstock is up 2.7% to trade at $213.65 at last check, perched at its highest level since Sept. 7, after Deutsche Bank upgraded the aerospace giant to “buy” from “hold,” while also hiking its price target by $66 to $270. The analyst cited increasing commercial jet deliveries in its bull note, helping shares of the blue-chip aerospace firm rise 2.9% to $214 out of the gate.

BA — like the rest of the stock market — has executed a sharp V-shaped rally since an annual low of $176.25 on Oct. 25. This rebound was driven by a bull gap above $200 last week after a $52 billion sale to Emirates Airlines. Year to date, Boeing stock is up 9.2%.

Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security’s 50-day call/put volume ratio of 2.33 sits higher than 79% of annual readings. This shows long calls were picked up at a much quicker-than-usual clip over the last 10 weeks.

Now looks like a good time to weigh in on the security’s next move with options. The stock is seeing attractively priced premiums at the moment, per its Schaeffer’s Volatility Index (SVI) of 23%, which sits in the low 4th percentile of its annual range.

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