An image of a quarterly report on a screen
Markets

Boeing’s Estimates Cut at UBS; Still Waiting on Dreamliner (BA)

Aircraft maker The Boeing Company ( BA ) on Thursday saw its earnings estimates lowered by analysts at UBS.

The firm said it cut its estimates for BA through 2012, noting the company's new flagship aircraft, the 787 Dreamliner, is still progressing slowly.

Still, UBS maintained its "Neutral" rating and $73 price target on BA, suggesting a 12% upside to the stock's Wednesday closing price of $64.90.

Boeing shares fell 60 cents, or -0.9%, in premarket trading Thursday.

The Bottom Line

Shares of Boeing ( BA ) have a 2.59% dividend yield, based on last night's closing stock price of $64.90. The stock has technical support in the $57-$58 price area. If the shares can firm up, we see overhead resistance around the $67-$70 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 Nasdaq, Inc.

Created by Dividend.com


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

In This Story

BA

Other Topics

Stocks

Latest Markets Videos