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Jefferies lifts Boeing target on EPS growth expectations

  • Jefferies' Howard Rubel thinks Boeing (BA) is "positioned to generate EPS growth of about 10% per year through 2017 while it renews and expands its commercial aircraft portfolio."
  • While Rubel's 2013 core EPS estimate is unchanged, the analyst lifts FY14 and FY15 estimates to $7.50 and $8.10 respectively.
  • Buy rating reiterated.
  • Price target raised to $165 from $124.
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