"Boeing reported one of its cleanest quarters in recent years," said BofA.
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The action is especially heartening after Boeing's messy third-quarter earnings report in October.
The bank reiterated its buy rating on the aerospace and defense company.
Bank of America sees shares of Apple rising 19% from here.
The bank initiated the aerospace and defense stock with a buy rating.
Apple and Alphabet traded higher in the premarket.
Production improvements, coupled with improving free cash flow, tell us the stock should move higher this year.
