Deutsche Bank Assigns Buy On Boeing Company Shares
In a research report issued today, Deutsche Bank analyst Myles Walton assigned a Buy rating on Boeing Company (NYSE:BA). No price target was provided.
Walton wrote, “While Boeing’s adjusted EPS of $2.14 easily topped our $2.05 estimate and the Street’s $1.97, the stock was off 4.5% on concerns over cash and deferred production not yet under control. Upside to our EPS estimate was from both the commercial aircraft and defense businesses. Underlying margins at BCA were 18.5% and while down 100bps from 1H were in-line with expectations and present a likely set-up to beat 4Q margin expectations as well. In IDS, margins bounced back to 10.8% after the KC-46 charge last quarter and good performance. As a result, the company raised full year core EPS guidance to $8.10 -$8.30 (from $7.90-$8.10).”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Myles Walton has a total average return of 6.8% and a 50.0% success rate. Walton has a 20.5% average return when recommending BA, and is ranked #744 out of 3339 analysts.