Markets & Finance

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.

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