Goldman Sachs Bumps Price Target and Estimates On Boeing (BA) After Strong Q2 Report
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Price: $231.67 +0.58%
Rating Summary:
32 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
32 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs raised estiamtes and its price target on Buy rated Boeing (NYSE: BA) from $95 to $96 following strong Q2 results.
The firm raised 2011/2012/2013E to $4.30/5.30/6.55 from $4.15/5.10/6.45 to reflect the operating margin strength.
Goldman reiterated their Buy rating noting that BA is the bellwether in late cycle Aerospace, current supply/demand mismatch and the imminent new product cycles, particularly 787.
For more ratings news on Boeing click here and for the rating history of Boeing click here.
Shares of Boeing closed at $70.63 yesterday.
The firm raised 2011/2012/2013E to $4.30/5.30/6.55 from $4.15/5.10/6.45 to reflect the operating margin strength.
Goldman reiterated their Buy rating noting that BA is the bellwether in late cycle Aerospace, current supply/demand mismatch and the imminent new product cycles, particularly 787.
For more ratings news on Boeing click here and for the rating history of Boeing click here.
Shares of Boeing closed at $70.63 yesterday.
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