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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (82622)	3/20/2001 7:53:07 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

SEATTLE, March 19 (Reuters) - Lehman Brothers said on Monday it raised its investment rating on aerospace giant Boeing Co. <BA.N> to buy from market perform. Lehman analyst Joseph Campbell Jr. set a price target for Boeing's stock of $70 per share by the year-end and said the company's earnings should increase by 30 percent in the current year and 20 percent in 2002. "Gains are driven by across-the-board sales growth and margin expansion and deployment of free cash of $10-12 billion in 2001-03," Campbell said in a research note. Boeing is the world's largest aerospace company and the biggest maker of commercial jetliners and military aircraft. Cyclical demand concerns, controversy, steep competition with Airbus Industrie <ARBU.UL> and performance mishaps, among other things, periodically affect the company, Campbell said. But while Boeing's stock is erratic, it should yield a 30 percent upside, he said. Boeing closed Friday at $53.75 per share.