Monday, 14 November 2011

S&P Capital IQ Reiterates its BUY Rating on Boeing

Analyst Richard Tortoriello of S&P Capital IQ reiterates his BUY rating on the shares of The Boeing Company (NYSE: BA). The 12-month target price is set to $86.00.
In a research report published this morning, analyst Richard Tortoriello mentions that the company announced an $18 billion deal of supplying 50 777-300ERs to Dubai-based Emirates Airline. This deal is the biggest single order in Boeing’s history in dollars, the analyst says. The analyst believes that this deal will enable BA to solidify its lead over its competitor Airbus in the attractive wide-body market, as 787 has already surpassed Airbus’s A350-XWB. The outlook for BA stays healthy as emerging market airlines continue to raise their fleet size to accommodate more travelers while Middle Eastern countries expanding into commercial aerospace, the analyst adds.

Read MoreS&P Capital IQ Reiterates its BUY Rating on Boeing

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