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The Boeing Company Message Board

  • carlfame carlfame Jan 7, 2008 2:05 PM Flag

    Airbus was downgraded to SELL-READ IT

    LONDON - The cross-winds of a sharp economic slowdown and rising costs sent aerospace stocks crashing on Monday, after analysts warned of a slowdown in orders for companies like Airbus and Boeing in 2008.

    Shares in European Aeronautic Defense and Space (other-otc: EADSF - news - people ) tumbled 1.55 euros ($2.28), or 7.5%, to 19.20 euros ($28.19), during afternoon trading in Paris. Deutsche Bank analyst Benjamin Fidler downgraded the stock to "Sell" from "Hold" on Monday, citing a likely fall in orders for 2008 as aircraft demand succumbs to the weaker global economic environment. Boeing (nyse: BA - news - people ), meanwhile, lost 3.5%, or $3.04, falling to $82.78 in midday New York trading.

    Deutsche Bank's Butler rated Boeing a "hold,"

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