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Boeing: 'Foreign Debris' Caused 787 Fire

As a result, the firm cut its 787 delivery target for 2011 to 14 from 22, but gave a bullish assessment of the long-term outlook for the shares.

"We believe Boeing stock will outperform over the cycle, but near-term headwinds from the 787 will keep the stock range bound in the $60 to $70 range," Wedbush said.

-- Written by Michael Baron in New York.



>To contact the writer of this article, click here: Michael Baron.

>To submit a news tip, send an email to: tips@thestreet.com

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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