Jefferies Keeping Positive on Boeing (BA)

Filed in boeing, dividend, earnings, Gold Investing, Gold Investment, o, shares by on November 26, 2010 0 Comments

Jefferies & Co. is reiterating their buy rating on shares of airline manufacturer Boeing ( BA ) this morning. The firm is also keeping their 2010, 2011, 2012 earnings estimates at $3.90, $5.00, and $6.00, but thinks the stock could reach a 16 times earnings multiple, which based on their 2012 earnings estimates, could indicate a $96 price objective/ Bottom Line Shares of Boeing ( BA ) have a 2.57% dividend yield, based on Wednesday’s closing stock price of $65.41. The stock has technical support in the $60 price area. If the shares can firm up, we see overhead resistance around the $71-$73 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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Jefferies Keeping Positive on Boeing (BA)

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