Boeing Upgraded to “Overweight” at JPMorgan (BA)

Filed in boeing, dividend, Gold Investment, o, shares, target, upgrade by on January 3, 2011 0 Comments

Aircraft maker The Boeing Company ( BA ) on Monday caught an upgrade from analysts at JPMorgan. The firm said it boosted its rating on BA to Overweight, citing expectations for continued improvement in core commercial airline profits. JPMorgan currently has an $83 price target set on BA, which represents an expected 27% upside to the stock’s Friday closing price of $65.26. Boeing shares rose $1.01, or +1.6%, in premarket trading Monday. The Bottom Line Shares of Boeing ( BA ) have a 2.57% dividend yield, based on Friday’s closing stock price of $65.26. The stock has technical support in the $60 price area. If the shares can firm up, we see overhead resistance around the $70-$71 price levels. The Boeing Company ( BA ) is not recommended at this time, holding a DARS™ Rating of 3.4 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 .

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Boeing Upgraded to “Overweight” at JPMorgan (BA)

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