UPDATE - Nomura Securities Initiates Coverage on Boeing (BA) with a Reduce
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Price: $214.20 -0.42%
Rating Summary:
32 Buy, 12 Hold, 2 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
32 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Nomura Securities initiates coverage on Boeing (NYSE: BA) with a Reduce. PT $66.
Analyst, Jason Adams, said, "While the company’s top-line growth outlook is good and we see new aircraft demand as strong, the transition from top-line growth to cash earnings is less clear. We think Boeing will have difficulty maintaining its market share and believe the market is under-appreciating the risks. We argue that the implied multiple the market is paying for Boeing’s commercial exposure (23.6x P/E) is a 40% premium to the US Commercial Aerospace sub-sector. With the continued risks associated with the 787, we think this is too high."
To see all upgrades/downgrades on shares of BA, visit our Analyst Ratings page.
Analyst, Jason Adams, said, "While the company’s top-line growth outlook is good and we see new aircraft demand as strong, the transition from top-line growth to cash earnings is less clear. We think Boeing will have difficulty maintaining its market share and believe the market is under-appreciating the risks. We argue that the implied multiple the market is paying for Boeing’s commercial exposure (23.6x P/E) is a 40% premium to the US Commercial Aerospace sub-sector. With the continued risks associated with the 787, we think this is too high."
To see all upgrades/downgrades on shares of BA, visit our Analyst Ratings page.
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