Boeing: 737 MAX Momentum Is Real - Buy the Reopening, But Wide-Body Headwinds Need Watching
Boeing's commercial recovery is gaining traction: May deliveries jumped 33% YoY to 60 jets and 737 MAX production is stabilizing. Technicals and improving order flow support a tactical long. However, elevated valuation metrics, negative free cash flow, and wide-body program execution remain tangible risks. Trade plan provided for a mid-term push to…