Avery Schumer
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Avery Schumer in Sector Report,

What's Next For Boeing, The Dow's Biggest Winner Of 2017?

The top performing stock within the Dow Jones Industrial Average is none other than Boeing Co . Shares of the aerospace company hit a new all-time high of $208.61 Wednesday morning and the stock is up more than 33 percent since January 1 versus about 8.5 percent for the overall index.


This doesn't mean it's a good move for investors to lock in a profit, at least according to Ken Herbert, an analyst with Canaccord Genuity who covers Boeing with a Hold rating and $170 price target.

At current levels, Boeing's stock delivers a dividend yield of around 3 percent and is well positioned to benefit from an improving economy and favorable defense spending from the White House, the analyst said during a recent CNBC "Trading Nation" segment. On the other hand, investors have reason to be concerned with a lack of free cash flow to the upside.

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