Oppenheimer Reiterates Boeing Outperform, $90 PT on Solid Quarter, 787 Program

Oppenheimer reiterated its Boeing BA Outperform rating and $90 price target on the company's Q2 2012 commercial airplane deliveries announcement in a research report published today. In the report, Oppenheimer stated, "We continue to favor BA's stock and, moving forward, believe the 787 program will be key driver bolstering Boeing's fundamentals and helping to lift the stock despite the macro headwinds." Shares of Boeing were trading at $74.51 at the time of posting, up 0.34% from Tuesday's market close.