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Boeing Upgraded to “Buy” at Stifel Nicolaus (BA)

By Dividend.com,  June 04, 2012, 09:11:20 AM EDT

Aircraft maker The Boeing Company ( BA ) on Monday caught a big upgrade from analysts at Stifel Nicolaus.

The firm said it boosted its rating on BA from "Hold" to "Buy" with an $80 price target. That target suggests a 19% upside to the stock's Friday closing price of $67.24.

Stifel Nicolaus noted the company's place in the aerospace cycle remains strong, with its new flagship 787 Dreamliner seeing solid demand.

Boeing shares fell 87 cents, or -1.3%, in premarket trading Monday.

The Bottom Line
Shares of Boeing ( BA ) have a 2.62% dividend yield, based on Friday's closing stock price of $67.24. The stock has technical support in the $62-$65 price area. If the shares can firm up, we see overhead resistance around the $70-$73 price levels.

The Boeing Company ( BA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: BA



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