Boeing (BA) Maintains A-Rating Despite Japan Airlines Contract Miss

Editor's Note:  Boeing is a Trifecta Stocks holding.  If you own, or are thinking of owning BA, you HAVE to sign up for the FREE webinar hosted by TheStreet's fundamental expert Bryan Ashenberg and technical expert Bob Lang.  Sign up now!

New York (TheStreet) -- Trifecta Stocks analysts Bryan Ashenberg and Bob Lang have maintained Boeing's (BA) top rating, despite share price fluctuations this week after the aircraft manufacturer lost a $9.5 billion Japan Airlines contract to Airbus. The U.S. government shutdown has also caused short-term concern as delays are anticipated for the delivery of jetliners to U.S. airlines.

These issues "amount to nothing more than near-term turbulence," wrote Ashenberg and Lang in an article discussing Boeing's prospects. "Record profitability levels for airlines plus an aging aircraft fleet and strong global air travel continue to create strong demand for new aircraft."

Boeing shares were 0.56% lower to $114.79, as of 3:30 p.m. New York time. Year to date, shares have risen sharply, gaining 52.4%. 

TheStreet Ratings team rates Boeing Co as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate Boeing Co (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."

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