Analyst Sees Commercial Aerospace Shares Rising

On Thursday, Chicago-based Boeing trimmed its 20-year forecast for the commercial airplane market, citing the global recession, declining passenger and cargo traffic and unpredictable fuel prices. But it said long-term demand would remain strong.

Chicago-based Boeing and European rival Airbus SA, the world's largest plane manufacturer, have been grappling with falling orders as the world economic crisis forces airlines to cancel or delay plans to buy new planes.

Barclays analyst Campbell raised his price target for Boeing to $60 from $50. He also boosted price targets for Goodrich Corp., a supplier of systems and services to aerospace, defense and homeland security markets, to $65 from $53; Rockwell Collins, a defense contractor and maker of parts for private jets and commercial airlines, to $49 from $45; aircraft maker Spirit Aerosystems to $21 from $17, and Transdigm Group, a designer and producer of aircraft components, to $47 from $45.

Shares of Boeing rose 38 cents to $51.04 in midday trading. Goodrich shares climbed $1.12, or 2.2 percent, to $52.84. Rockwell Collins stock edged up 31 cents to $44.98. Spirit Aerosystems' shares slid 23 cents to $15.57. Transdigm Group shares dropped 74 cents, or 2 percent, to $37.30.