Shares of Boeing were falling 0.3% to $123.22 Thursday.
Speaking to Reuters Boeing sales vice president for Latin America, Africa, and the Caribbean Van Rex Gallard said "We see this market growing an average 6.9 percent over the next 20 years." That translates to 2,900 jetliners worth $300 billion according to Gallard.
Being has lost market share to Airbus (EADSY) in Latin America in recent years. Airbus says it has a 61% market share in terms of aircraft sold in the region.
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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 impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: