Analyst Sees Commercial Aerospace Shares Rising

PITTSBURGH (AP) — Commercial aerospace stocks have surged in recent weeks, but one analyst said Friday shares of Boeing Co. and other companies in the sector are poised for further growth.

In a note to investors, Barclays Capital analyst Joseph F. Campbell wrote commercial aerospace stocks had climbed 36 percent since the beginning of April compared with the S&P 500's rise of 18 percent during the same period.

"Our view is that over the next 1-3 years, Boeing and the commercial aerospace companies could have another 75 percent to 100 percent move before the real commercial aerospace industry upturn is likely to be seen in the 2013-2015 timeframe, and at that time there should yet be a further move upward," he wrote. ...