JP Morgan downgrades Boeing profit outlook, UBS maintains neutral rating – Suppliers Share Wrap

Boeing shares fell 0.7% yesterday, amid a day of a general decline in aerospace stocks. UBS maintained its neutral rating and USD72 price target, on news Boeing is sorting the issue that grounded its B787 test fleet earlier this month. JP Morgan cut its 2011 full-year profit outlook from USD4.65 to USD4.35 per share, citing an anticipated six-month delay for the B787.

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