UPDATE: Stifel Nicolaus Raises PT to $100 on Boeing Company on Earnings Outlook, Fading Overhang

Stifel Nicolaus maintained Boeing Company BA with a Buy rating and raised the price target from $85.00 to $100.00. Stifel Nicolaus analyst Stephen Levenson commented, "As the price of BA shares approaches our target, we reviewed the current situation on earnings, news stories about formal introduction of the 777X, a large 737NG order from Ryanair that could make the transition to the 737MAX model less lumpy, and getting closer to flight testing the battery fix for 787 and, hopefully, lifting the grounding order. (Last night the FAA announced approval for Boeing to move forward with testing.) Based upon our review, we reiterate our Buy rating and are raising our target price to $100 from $85." Boeing Company closed at $84.16 on Tuesday.