Thursday, May 24, 2007

Boeing Shares Rise After Banc of America Analyst Says 787 May Boost Profit

(Bloomberg) -- Boeing Co. shares had their biggest
gain in a month after Banc of America Securities LLC raised its
share-price forecast and said the new 787 Dreamliner may boost
earnings.

``If the 787 can stay on track, we think stronger earnings
and multiple expansion will drive the stock higher,'' wrote
analyst Robert Stallard, who has a ``buy'' rating on the stock.
Boeing is the world's second-largest commercial-plane maker after
Airbus SAS.


Read more at Bloomberg Stocks News

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