Boeing and Airbus advance despite Wall St caution, BE Aerospace soars – Share Wrap
Boeing’s shares advanced 2.3% yesterday, despite a more subdued day on Wall Street. Anticipation is building about the first flight of the 787 next month, while Qatar Airways confirmed it is in the market for more Boeing or Airbus aircraft and will likely place an order at next month’s Paris Air Show. Shares in EADS parent, Airbus, jumped 4.6%.
Meanwhile, shares of BE Aerospace soared 17.8% after Cowen and Company raised its rating on the stock to ‘outperform’, as moves by manufacturers to de-stocking their inventories are expected to ease and the outlook for air travel demand improves.
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Selected aviation suppliers' daily share price movements (% change): 05-May-09
Source: Centre for Asia Pacific Aviation & Yahoo! Finance