How this beaten-up aerospace giant could double, according to one analyst

Rothschild & Co Redburn sees a buying opportunity in Boeing , citing the stock's pullback since its third-quarter earnings release. In a note published on Tuesday, analyst Olivier Brochet reiterated a buy rating on the aerospace and defense stock, but trimmed his price target by about 6% to $255 from $270. Still, the revised objective implies potential 37% upside ahead for the stock, based on Boeing Monday close. More optimistically, Brochet's 2030 sum-of-the-parts valuation and price-to-cash-flow ratio could translate into even more outperformance ahead. "Fundamentally, this puts Boeing on a path where the stock could almost double from its current level by the end of the decade," he wrote. Shares of Boeing are now up 14% for the year, but have fallen 15% since its third-quarter earnings