Boeing climbed on the New York Stock Exchange on Monday after Deutsche Bank upgraded its recommendation to "buy" on the US aerospace giant.

An hour after the opening, Boeing shares were up almost 4%, and led the Dow Jones index, which gained 0.2% at the same time.

The research firm points to an acceleration in the aircraft manufacturer's deliveries, likely to improve the group's cash flow (FCF) and boost the share price.

We remind investors that the last time Boeing experienced a favorable inflection point in its FCF forecasts was in 2017, when market estimates were revised upwards by 46%, leading to an 89% rise in the share price over the year', the analyst reminds us.

Against this backdrop, Deutsche has raised its recommendation from 'hold' to 'buy', with a price target raised from 204 to 270 euros, showing a potential upside of 30%.

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