Boeing Co.’s stock is poised to gain about 25% within the next year, as the aerospace and defense giant has emerged as a favorite “trade tool” for the Trump administration and has made progress under Chief Executive Kelly Ortberg.

Boeing Co. Chief Executive Officer Kelly Ortberg finds himself in a familiar role — facing another crisis — this time a crash involving the company’s marquee 787 Dreamliner jet in India that killed more than 240 people.

Boeing shares fell 2.2per cent at 9:48 am in New York, as the uncertainty sparked by tragedy continued to concern investors

The Trump administration has been including orders for Boeing Co. planes in trade discussions, and that’s helping to restore Bank of America Corp.’s confidence in the stock.

Investing.com -- Bank of America upgraded Boeing (NYSE: BA) to Buy and raised its price target to $260 a share on Monday, now the highest target on Wall Street, as confidence builds in the aerospace company’s turnaround. The new target, up sharply from BofA’s previous $185 target, implies free cash flow of $9 per share.