NEW YORK (TheStreet) -- Boeing (BA) shares are down -0.5% to $127.85 in pre-market trading on Tuesday, despite the aerospace company delivering its first 787-9 model to Air New Zealand.
The move prompted analysts at Sterne Agee to increase their full year earning estimates to $7.85 from $7.60 per share and their second quarter estimates to $2.03 from $1.85 per share.
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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 revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."