Stock Update (NYSE:BA): Boeing Co Board Elects Duke Energy CEO Lynn Good as New Director

Boeing Co (NYSE:BA) Chairman Jim McNerney announced today that the company’s board of directors has elected Lynn Good as a new member.

Good, 56, is president and CEO of Duke Energy, the largest U.S. electric power company, serving approximately 23 million people in the Carolinas, Florida and the Midwest. She also serves as vice chair of Duke Energy’s board of directors.

Prior to assuming her current role in 2013, Good served as Duke Energy CFO and led the company’s commercial energy businesses during their initial development of renewable energy projects. She has also been a partner at Deloitte & Touche and Arthur Andersen.

“Lynn is one of the energy sector’s most forward-looking leaders, focused on customers and environmental responsibility, and she will be an excellent addition to our board,” said McNerney. “She is a strategic thinker who is leading a large, complex company through a period of great change.”

Good will serve on the Boeing board’s Audit and Finance committees.

Good also serves on the boards of directors of the Edison Electric Institute and the Institute of Nuclear Power Operations, and is also a member of the executive committee of the Nuclear Energy Institute. She is a member of the Business Council and the Business Roundtable. (Original Source)

Shares of Boeing opened today at $142.03 and are currently trading up at $142.96. BA has a 1-year high of $158.83 and a 1-year low of $116.32. The stock’s 50-day moving average is $142.93 and its 200-day moving average is $145.50.

On the ratings front, Boeing has been the subject of a number of recent research reports. In a report issued on August 7, Deutsche Bank analyst Myles Walton maintained a Buy rating on BA, with a price target of $175, which represents a potential upside of 23.2% from where the stock is currently trading. Separately, on July 23, Bernstein Research’s Douglas Harned maintained a Buy rating on the stock and has a price target of $196.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Myles Walton and Douglas Harned have a total average return of 7.7% and 19.9% respectively. Walton has a success rate of 61.2% and is ranked #499 out of 3734 analysts, while Harned has a success rate of 75.0% and is ranked #733.

Overall, one research analyst has assigned a Hold rating and 10 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $162.67 which is 14.5% above where the stock opened today.

Boeing Co, together with its subsidiariesdesigns, develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services.

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