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Boeing Scores Upgrades After Dropping the Mic in Its Second-Quarter Earnings Report

The top stock in the Dow Jones Industrial Average is riding high after an "explosively positive" second quarter earnings report that has analysts gushing about the airplane manufacturer's prospects.

The Boeing Company's (BA) upbeat quarter was marked by solid execution of key product launches, including its first 737 MAX 8 delivery and the launch of the 737 MAX 10. The company's better-than-expected earnings came with upped guidance for operating margins, earnings per share and operating cash flow for the year as a whole.

"This is about as close to perfect as it gets from Boeing," analysts at Vertical Research Partners wrote.

Analysts at other firms were also...