Boeing shares cut, Mulally still ‘rocks’

Published 11:52 am Tuesday, January 13, 2009

Credit Suisse doesn’t see good things in Boeing’s immediate future.

The brokerage downgraded its rating for Boeing to “neutral” from “outperform” and removed the aerospace company from its U.S. focus list, citing 787 troubles and weaker demand for aircraft, Reuters reports.

Boeing’s shares fell 4.2 percent in trading this morning.

Credit Suisse also downgraded Spirit AeroSystems as well as Northrop Grumman.

Former Boeing executive Alan Mulally apparently “rocked” the North American International Auto Show in Detroit, according to The Detroit News.

The Ford Motor Co. president took a page from his days peddling planes telling reporters that “China rocks” much as he did when Chinese President Hu Jintao visited Boeing’s Everett jet factory in 2006. Mulally also seems to think that “Lincoln rocks.” What about the Taurus, doesn’t it rock?

I’m sure Scott Carson looks forward to an occassion when he can say “China rocks” or perhaps “the 747 rocks.”