Canaccord Genuity Morning Coffee on Boeing (BA): Ready for Takeoff?
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Price: $218.11 -1.84%
Rating Summary:
32 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
32 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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Canaccord Genuity Morning Coffee on Boeing (NYSE: BA): Ready for takeoff?
Boeing is out to an early lead in the 2012 airplane sales race, outselling rival Airbus in the first month of the year. Boeing sold 150 jets in January while Airbus sold 91 as it looks to take the top spot after being outsold 10 of the last 11 years. The two are battling over the market for narrow body planes which could be valued at $2 trillion over the next 20 years. Boeing has lagged Airbus as it looks to revamp its 737, making it more fuel efficient. While off to a strong start in the narrow body space, Boeing ran into a speed bump over the weekend with its 787 Dreamliner. The company found a problem with the jet’s fuselage, but said it can fix the problem and maintain its foal to deliver 10 Dreamliners a month by the end of 2012. A Boeing spokesman said, “We have the issue well-defined and are making progress on the repair plan. There is no short-term safety concern. Repairs, should they be needed, will be implemented in the most efficient manner possible.” That said, many analysts are sceptical that the company will be able to meet what they see as an already lofty target with a new glitch in the way. The 787 is currently about three-year behind schedule but remains popular with airlines and Boeing is currently sitting on 870 orders.
Boeing is out to an early lead in the 2012 airplane sales race, outselling rival Airbus in the first month of the year. Boeing sold 150 jets in January while Airbus sold 91 as it looks to take the top spot after being outsold 10 of the last 11 years. The two are battling over the market for narrow body planes which could be valued at $2 trillion over the next 20 years. Boeing has lagged Airbus as it looks to revamp its 737, making it more fuel efficient. While off to a strong start in the narrow body space, Boeing ran into a speed bump over the weekend with its 787 Dreamliner. The company found a problem with the jet’s fuselage, but said it can fix the problem and maintain its foal to deliver 10 Dreamliners a month by the end of 2012. A Boeing spokesman said, “We have the issue well-defined and are making progress on the repair plan. There is no short-term safety concern. Repairs, should they be needed, will be implemented in the most efficient manner possible.” That said, many analysts are sceptical that the company will be able to meet what they see as an already lofty target with a new glitch in the way. The 787 is currently about three-year behind schedule but remains popular with airlines and Boeing is currently sitting on 870 orders.
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