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ERROR: type should be string, got "https://www.barrons.com/articles/boeing-stock-2019-forecast-51546014115\nBoeing Stock Won’t Be Grounded by Recent Struggles, Analyst Says\nPhotograph by Oli Scarff/AFP/Getty Images\nBoeing stock (BA) has outpaced the market this year, a trend that can continue despite recent weakness, Argus says.\nWhere we were: Boeing stock is up just over 7% year to date, meaning that while it’s not the best performer in the Dow Jones Industrial Average, as it was in 2017, it’s still near the top of the heap.\nWhere we’re headed: Market volatility has taken its toll, but that’s a buying opportunity, Argus argues.\nBoeing has long soared above market jitters, but even this high-flying stock couldn’t avoid recent turbulence.\nWhile its earlier gains mean that Boeing stock is still in the green for 2018, it has fallen about 14% this quarter amid broader selloffs. Although analysts have argued that it won’t be a casualty of a trade war, U.S. China-tensions, along with general worries about slowing growth in the global economy, have taken their toll. The negative market sentiment comes at a time when Boeing is also in the headlines for its spat with Lion Air, following October’s fatal crash, although analysts aren’t too worried about that either.\nGiven the above headwinds, Argus’s John Eade on Friday lowered his price target on Boeing stock to $350, from $395. That said, he reiterated a Buy rating on the stock, writing that it still “has superior prospects due to its significant backlog and strong presence in the growing commercial aerospace industry.”\nHe acknowledges that headline risk means upside to the stock will likely come from earnings in the near term, rather than multiple expansion. Yet on that front, investors are in luck, as consensus estimates call for fourth-quarter results, due out on Jan. 30, to be up nearly 50% year-over-year, to $4.59 [er share. Revenue is expected to climb 6% to $27 billion. After delivering positive EPS surprises over the past four quarters, Eade is upbeat about another strong report.\nThat outlook is bolstered by the recent 20% dividend hike, and a $2 billion increase to its stock buyback plan, bringing the total to $20 billion, which Boeing plans to complete in two years. Eade highlights these moves as signs of executives’ ongoing confidence in the company’s ability to outperform despite a more difficult macro backdrop. They certainly have the right track record. “The company has managed shifts in customer demand and is delivering stronger growth and higher profitability,” Eade writes. “At the same time, the management team is clearly focused on shareholder returns and continues to boost the dividend and repurchase stock.”\nEade is far from the only Boeing bull. Other analysts also see another year of outperformance ahead, and Barron’s is upbeat about the company’s growth opportunities and free cash flow.\nBoeing was roughly flat at $316.99 per share in Friday morning trading.\nAirline insiders are snapping up stock.\nDefense stocks shouldn’t be lagging.\nWrite to Teresa Rivas at teresa.rivas@barrons.com"