UPDATE: Goldman Sachs Lowers PT to $95 on Boeing

Goldman Sachs maintains its Buy rating on Boeing (NYSE: BA) and lowers its price target to $95 from $97 on a 2012 guidance provided below consensus.

Goldman Sachs says, "We have revised our 2012/2013/2014E to $4.85/$6.10/$7.60 from $4.90/$6.45/ $7.55 but only reflecting pension and tax rate changes. We have reduced our target 2013E P/E-derived price target to $95 from $97, given our lower EPS. BA trades at 12.4X CY13E P/E, vs. historical mid-cycle multiples in the mid to upper teens, and only 9.0X pension-adjusted CY2013E EPS."

BA closed at $75.82 a share yesterday.