Benzinga | Nov 18, 2021 06:50AM EST

JPMorgan Upgrades Boeing, Sees Huge Upside

* JPMorgan analyst Seth Seifman upgraded Boeing Co (NYSE:BA) to Overweight from Neutral and raised the price target to $275 (an upside of 21.38%), from $260.

* Seifman says the shares have a "fairly defined catalyst path," and the first, China's MAX certification, "is now in view."

* Further, Boeing's position at the center of global air travel "offers confidence that it will recover financially over time, and we believe risk-reward now skews favorably," says the analyst.

* Seifman admits the upgrade "maybe early" and that he's "prepared for a slog."

* Also read, Why This Investor Bought Shares Of Boeing.

* Price Action: BA shares are trading higher by 1.99% at $231.12 during the pre-market session on Thursday.