UPDATE: Citigroup Reiterates Buy Rating, Raises PT on The Boeing Company

Loading...
Loading...
In a report published Wednesday, Citigroup reiterated its Buy rating on The Boeing Company
BA
, and raised its price target from $84.00 to $106.00. Citigroup noted, “Earnings visibility is supported by planned production rate increases on profitable aircraft (737 & 777), offset by the dilutive new platforms (787 & 747) delivering in greater #s. Improved CF visibility is due to the wind-down of new development programs, which we believe will release working capital and support positive cash flow dynamics through 2012 ($20b of FCF through 2015E). Meanwhile, in our view BA's defense business is resilient due to in-demand helo platforms, a tanker program positioned to see decades of sales, and strong international positioning. Look for late 2012 decisions on dividends & repos to act as catalysts.” The Boeing Company closed on Tuesday at $74.13.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsCitigroup
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...