Nomura Securities Maintains a 'Neutral' on Boeing (BA); Q3 Preview
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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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Nomura Securities maintains a 'Neutral' on Boeing (NYSE: BA) price target raised from $70 to $72.
Nomura analyst, Jason Adams, says, "Shares look attractive into 3Q. We think 3Q will show good underlying operational momentum at Boeing Commercial Airplanes, with improved pricing and further cost savings expected to expand margins on core programmes, while higher spares sales look set to provide a positive mix effect. As the margin dilution from 787 and 747 deliveries is unlikely to start until next quarter, 3Q earnings could highlight the improving profitability of Boeing’s 737 and 777 programmes and, as a result, we see earnings risk biased to the upside. We raise our 2011E EPS from $4.06 to $4.21, and modestly reduce our FY12 from $5.27 to $5.25."
For more ratings news on Boeing click here and for the rating history of Boeing click here.
Shares of Boeing closed at $64.75 yesterday.
Nomura analyst, Jason Adams, says, "Shares look attractive into 3Q. We think 3Q will show good underlying operational momentum at Boeing Commercial Airplanes, with improved pricing and further cost savings expected to expand margins on core programmes, while higher spares sales look set to provide a positive mix effect. As the margin dilution from 787 and 747 deliveries is unlikely to start until next quarter, 3Q earnings could highlight the improving profitability of Boeing’s 737 and 777 programmes and, as a result, we see earnings risk biased to the upside. We raise our 2011E EPS from $4.06 to $4.21, and modestly reduce our FY12 from $5.27 to $5.25."
For more ratings news on Boeing click here and for the rating history of Boeing click here.
Shares of Boeing closed at $64.75 yesterday.
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