Wachovia Downgrades Boeing (BA) To Market Perform; Defense Growth Is Unlikely To Offset Commercial
Wachovia downgrades Boeing Company (NYSE: BA) to Market Perform. Lowers valuation range from $51-54 to $38- $40. Wachovia analyst says, “Given the declines in traffic, financing and overall aircraft demand, we expect BA to announce 2010 commercial jet production cuts within…
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Wachovia downgrades Boeing Company (NYSE: BA) to Market Perform. Lowers valuation range from $51-54 to $38- $40.
Wachovia analyst says, “Given the declines in traffic, financing and overall aircraft demand, we expect BA to announce 2010 commercial jet production cuts within the next few months; only the magnitude is unclear.
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