Boeing stock to soar, still rated “Sell”

Published 9:00 pm Monday, March 19, 2007

The good news: A Citigroup analyst predicted Monday evening that Boeing’s stock will rise sometime before the Paris Air Show in June.

The bad news: That same analyst maintains his “Sell” rating on Boeing stock, giving it a target price of $70.

For more on the analyst’s comments: http://www.forbes.com/feeds/ap/2007/03/20/ap3532799.html?partner=alerts

Boeing’s stock started out Tuesday morning at $90.32 (http://www.marketwatch.com/quotes/ba). In mid-Feb, Boeing’s stock closed at a record high of $91.71. Over the past year, it has traded as high as $92.24 and as low as $72.13.