CS First Boston Keeps 'Outperform' on Boeing
Credit Suisse First Boston keeps its outperform rating on Boeing (BA )
Analyst Pierre Chao says Boeing's machinist labor uniion failed to get 61% of a vote needed for a walkout, so, according to union rules, the proposed labor contract goes into effect. Chao thinks this is the time to buy the stock; he says the current share prices represent a very good opportunity to build positions in Boeing.
Chao sees $3.15 2002 earnings per share, and $2.75 for 2003. He has a $50 12-month target.