Market Overview

UPDATE: Societe Generale Reiterates Sell Rating, Raises PT on The Boeing Company

Related BA
Tensions & Airlines Boost ETFs (ITA, PPA, BA, LMT)
What These 5 Defense Contractors Are Spending To Lobby Congress
Second Reading on 2Q GDP, Much More Data Due Next Week (Fox Business)

In a report published Friday, Societe Generale reiterated its Sell rating on The Boeing Company (NYSE: BA) and raised its price target from $68.00 to $70.00.

Societe Generale noted, “Boeing shares performed relatively poorly in 2012 (+3%), underperforming civil aerospace peers by 13%. We believe that the difficult defence outlook and continuing challenges on the B787 programme, together with a higher pension charge of $1.8bn to be booked in 2013, weighed on the share price. Boeing stock remains under pressure on the recent grounding of the 787 fleet and the full FAA review into 787 manufacturing processes. We reiterate our Sell rating and elect Boeing again as our least preferred stock.”

The Boeing Company closed on Thursday at $75.32.

Posted-In: Societe GeneraleAnalyst Color Price Target Analyst Ratings

 

Related Articles (BA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters