Oppenheimer Calls Boeing (BA) Problems 'Teething', Buy Weakness
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Price: $214.35 --0%
Rating Summary:
30 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 9 | New: 12
Rating Summary:
30 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 9 | New: 12
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Recently shares of Boeing (NYSE: BA) traded lower following a series of well publicized incidents surrounding its new 787, including a possible electrical fire. While it may take weeks for a full account of the event to unfold, based on available information analysts at Oppenheimer are not overly concerned. In fact, they called the issues ordinary "teething" problems that are merely being magnified by the 787's media glow.
"It seems unlikely to us that these incidents will have a material impact on the 787's ability to operate or on Boeing's ability to continue building and selling the aircraft. We expect the brouhaha to subside like the prior concerns over the GEnx fan midshaft and the HS gearbox," said analyst Yair Reiner.
Oppenheimer recommended investors buy shares of Boeing on weakness.
Oppenheimer has an Outperform rating on Boeing with a price target of $90.00.
For an analyst ratings summary and ratings history on Boeing (NYSE: BA) click here. For more ratings news on Boeing click here.
Shares of Boeing closed at $74.13 yesterday.
"It seems unlikely to us that these incidents will have a material impact on the 787's ability to operate or on Boeing's ability to continue building and selling the aircraft. We expect the brouhaha to subside like the prior concerns over the GEnx fan midshaft and the HS gearbox," said analyst Yair Reiner.
Oppenheimer recommended investors buy shares of Boeing on weakness.
Oppenheimer has an Outperform rating on Boeing with a price target of $90.00.
For an analyst ratings summary and ratings history on Boeing (NYSE: BA) click here. For more ratings news on Boeing click here.
Shares of Boeing closed at $74.13 yesterday.
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