Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Boeing keeps setting new highs! When will it split? -- Ignore unavailable to you. Want to Upgrade?

To: Joe S Pack who wrote (1829)	10/2/1998 1:12:00 PM
From: Dale J.	Respond to of 3763

The Lehman research reports are worthless IMO. They have been wrong so many times I don't even bother reading them anymore.

To: Joe S Pack who wrote (1829)	10/2/1998 11:28:00 PM
From: Fredric D. Bellamy	Respond to of 3763

Here is a link to the most recent report on BA available on the Lehman Bros. web site: lehman.com The 9-24-98 report still has BA rated as a 1-Buy, and has a price target of $65. The report explicitly ties its forecast to Boeing's statements: "At the end of the last quarter, management provided guidance to the street for the first time in company history, and reaffirmed that guidance yesterday. Therefore, we are not adjusting our yearly forecast." Yet, the report also "highlight[s] the fact that the company has a lot of ground to cover in the fourth quarter in order to meet its production, delivery, and profit guidance. We will be watching monthly deliveries very carefully for the remainder of the year." That is hardly what I would call a ringing endorsement. The report, while still clinging to its "1-Buy" rating for BA, is hardly the sort of pounding-the-table bullish recommendation that characterized Lehman Bros. reports earlier this year, to say the least.