NEW YORK (TheStreet) -- Boeing (BA) shares are up 0.6% to $127.96 on Tuesday following reports from Reuters and Bloomberg that say the company is close to finalizing a $3 billion deal to sell 30 aircraft to U.K.-based Monarch Airlines.
Monarch Airlines is currently supplied by Boeing rival Airbus (EADSY). Neither Boeing of Monarch Airlines has commented on the reports.
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TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."