Boeing (BA) Tops Q3 EPS by 16c; Boosts FY14 EPS Outlook

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Go back to Boeing (BA) Tops Q3 EPS by 16c; Boosts FY14 EPS Outlook

UPDATE: Credit Suisse Downgrades Boeing (BA) to Neutral on Reduced FCF Projections

October 23, 2014 7:18 AM EDT

(Updated - October 23, 2014 10:41 AM EDT)

Credit Suisse downgraded Boeing (NYSE: BA) from Outperform to Neutral with a price target of $133.00 (from $162.00). Analyst Robert Spingarn reduced FCF projections, noting progress on cost improvements have slowed.

"Our prior bullish thesis discounted an unprecedented production cycle (driven by robust replacement demand) translating into record FCF in the 2016/2017 timeframe. The slope of FCF improvement was enhanced by an anticipated swing in 787 cash costs from a... More