Analysts offer mixed reaction to Boeing's new 787 schedule
Leeham News and Comment has a good roundup of analysts' mixed reaction to Boeing's Thursday announcement of a new schedule for the 787 Dreamliner and a $2.5 billion charge against third-quarter results for the first three 787s, which the company says it can't sell.
The market clearly liked the news, which sent Boeing stock up 8.4 percent, although it was back down 1.2 percent as of 10:11 a.m., Pacific time.
Chalk up Friday's downturn, in part, to Standard & Poor's saying Friday it remained concerned about the potential for more order cancellations and deferrals, although it had already incorporated the delay reflected in the new schedule into its recent downgrade Boeing's ratings, according to an Associated Press report.
Previous stories:
Boeing's Tinseth: "We're cautiously confident"More from 787 conference call ThursdayReaction to Boeing's new 787 scheduleBoeing 787 update: Conference call with executivesBoeing plans to fly 787 this year, deliver late 2010Report: Boeing 787 first flight likely November or DecemberBoeing 787 delays push Qantas to AirbusBoeing "squandered" chance to cripple Airbus, report saysGauging Boeing's credibility problemFuselage "wrinkles" falloutBoeing orders 787 supplier to halt work on two major partsReport: There's more to Dreamliner delay than what Boeing saysBoeing 787 Dreamliner wing damage more extensive than reported?Delaying the 787 first flight: Is Boeing's credibility shot?Boeing postpones first flight of 787 again
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