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Stifel Nicolaus raises its rating on Boeing Company
BA from Hold to Buy and establishes a $80 price target on shares.
Stifel Nicolaus comments, "The overall market may be weak, but we think there is strength in the aerospace cycle. Boeing management's reaffirmation of build rate increases through 2014 is a positive. Following Friday's price decline to a level we believe represents an attractive entry point, we are raising our rating to Buy from Hold
and establishing a target price of $80."
BA closed at $67.24 on Friday.
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