Originally published Wednesday, June 25, 2008 at 12:00 AM
E-mail article
Print viewBoeing shares dive 6.9 percent on analyst's downgrade
Boeing shares slumped nearly 7 percent, to a 30-month low, today after a Goldman Sachs analyst reduced his rating on the stock from "neutral"...
By Seattle Times business staff
Boeing shares slumped nearly 7 percent, to a 30-month low, today after a Goldman Sachs analyst reduced his rating on the stock from "neutral" to "sell."
Boeing closed down $5.15, or 6.9 percent, at $69.64.
Analyst Richard Safran cited high oil prices and a weakening economy in his report, which set a $60 target for Boeing stock over the next 12 months, according to Bloomberg News.
"We believe there is more risk to the 787 program than is currently priced in as the program has yet to even enter flight test, where historically most issues on development aircraft are found," Safran wrote.
The last time Boeing shares traded below $70 was in January 2006. The stock hit a 52-week high of $107.83 on July 25.
Copyright © 2008 The Seattle Times Company
E-mail article
Print view
Digg
Newsvine
S.C. decision transforms Boeing's relationship with Washington, labor unions
SC governor signs incentive package for Boeing
Hutchison faults Gregoire, Constantine on 787 decision
Alcoa working with China on commercial jetliner
Mourners gather at KeyArena for slain officer's memorial
Mourners gathered at KeyArena for the memorial service of Seattle police Officer Timothy Brenton on November 6, 2009.
Procession for slain SPD officer
Election Night: Approve R-71
Election Night: Reject R-71
Election Night: Joe Mallahan
Election Night: Mike McGinn
Election Night: Susan Hutchison
Election Night: Dow Constatine
Candlelight vigil for Officer Brenton
Flying Elephant on Aurora
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
How to tell your office you're gravely ill
Post a comment
nwautos
Choosing a new sedan? Weigh the impact of your choice on your wallet and on the planet.
Post a comment
Open Houses | Find this weekend's open house listings.  Or search by location: |
- Flags were key link to cop slaying, bombings
- Suspect shot as city mourns slain officer
- Briefs | Soccer: New Mexico suspends hair-pulling player Elizabeth Lambert
- McGinn pulling away as late ballots come in
- Using anti-shooter tactics, civilian Army police officer brought down gunman
- Huskies suffer another heartbreaking loss to UCLA
- Consortium on verge of owning Eastside railway land
- Heavy snow in Cascades shuts down roads
- Suspect in officer's slaying shot by police
- Stormy weather to continue today in the Seattle area
- UCLA game thread
939 - Suspect shot as city mourns slain officer 389
- Weapons, bomb-making materials found in suspect's apartment 334
- Decision day for health care in the House 198
- McGinn widens lead over Mallahan in Seattle mayoral race 183
- Schools emerge as new tactic in gay marriage votes 99
- Huskies suffer another heartbreaking loss to UCLA 94
- U.S. House passes health plan 91
- Referendum 71 show's Washington's strategy for marriage equality is working 79
- Bombs, guns found at home of suspect in Officer Brenton's slaying 65
- Suspect shot as city mourns slain officer
- Flags were key link to cop slaying, bombings
- McGinn pulling away as late ballots come in
- Consortium on verge of owning Eastside railway land
- Guest columnist | Cut the South Carolina jokes, Seattle. Get ready to compete
- Movie review | 'An Education' you won't forget
- Practical Mac | With new features, Apple's MobileMe is worth the price
- H1N1 vaccine for high-risk group coming to King Co. pharmacies
- Shoreline man killed when struck by falling tree part
- Do It in a Day | Spend a cozy, homey day in Edmonds
