Story has been updated since 8:03 AM

Boeing Co. (BA) shares were up 0.73% to $207.74 in morning trading Friday after the aircraft manufacturer was upgraded to "overweight" from "neutral" by analysts at JPMorgan who also raised the company's price target to $240 from $205.

The price target represents a potential upside of 16.3% from the stock's previous closing price. 

The firm is bullish on the entire aircraft making industry thanks in part to efforts by Boeing to shape the sector. The firm sees Boeing's efforts potentially leading to stronger performances among its peers. 

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More issues for food makers: As if food makers such as Kraft Heinz (KHC) and grocery retailers like Kroger (KR) and Walmart (WMT) didn't have enough issues on their plate thanks to Amazon's (AMZN) advances.

A significant demographic headwind could add further pressure on the packaged food and grocery store sectors in the years ahead, according to Wolfe Research analyst Scott Mnushkin. The U.S. government reported recently that the fertility rate in the U.S. (births per 1,000 women) hit a record low of 62.0 in 2016, with the number of births down about 1% from the prior year. With births declining and immigration slowing, population growth in the U.S. has stalled.

For the aforementioned sectors, Mnushkin points out, it's critical households are formed in order for demand to materialize. The fact that's not happening at a decent clip is troublesome.

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