NEW YORK (TheStreet) -- Shares of Boeing Co. (BA) are up 0.71% to $125.57 in pre-market trade after it was reported that Ryanair Holdings (RYAAY) is set to place an $11 billion order for Boeing's 737 Max jets after pushing the planemaker for a new version that adds more seats, sources told Bloomberg.
Europe's largest discount carrier will buy 100 of the narrow-body planes, which will feature upgraded engines and wings, sources said.
Boeing yesterday issued an advisory saying it plans to make a "significant announcement'' today with Ryanair at a press conference in New York, without specifying what it plans to say, Bloomberg noted.
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 increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: