Market Overview

Sterne Agee Reiterates Buy Rating, $87 PT on The Boeing Company

Share:
Related BA
Barron's Recap: 22 Smart Investment Ideas
Earnings Expectations For The Week Of January 26: Apple, Google, Microsoft & More
Five Stock Picks for the New Year (Fox Business)

In a report published Wednesday, Sterne Agee Group reiterated its Buy rating and $87.00 price target on The Boeing Company (NYSE: BA).

Sterne Agee noted, “Based on our checks, BA delivered ~62 aircraft in December. There were an estimated 11 787 deliveries in December, a record month which raises the 2012 total 787 deliveries to 46 (5 above our forecast). Total 4Q12 deliveries are estimated at 163, 5 above our estimate. While the deliveries are higher, there is no change to our 4Q12 EPS estimate given the mix of higher low-margin 787 deliveries. However, 4Q12 cash flow from operations should be robust, topping $2 billion.”

The Boeing Company closed on Monday at $75.36.

Latest Ratings for BA

DateFirmActionFromTo
Oct 2014Credit SuisseDowngradesOutperformNeutral
Oct 2014CitigroupMaintainsBuy
Sep 2014BarclaysMaintainsOverweight

View More Analyst Ratings for BA
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (BA)

Around the Web, We're Loving...

Get Benzinga's Newsletters