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Boeing (BA) Share Rating Cut by Oppenheimer

Financial News Network
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October 15, 2011 AT 3:37 PM
Boeing (NYSE:BA) downgraded to Perform from Outperform at Oppenheimer. The stock closed yesterday at $63.53 on volume of 3.1 million shares, below the average daily volume of 5.9 million. Boeing (NYSE:BA) has potential upside of 31.4% based on a current price of $63.53 and an average consensus analyst price target of $83.47. In the past 52-weeks, shares of Boeing have traded between a low of $56.01 and a high of $80.65 and are now at $63.53, which is 13.4% above that low price. Boeing is currently above its 50-day moving average (MA) of $62.08 and should find resistance at its 200-day MA of $70.18.