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Andreas in Insider trading,

Boeing released strong report

Boeing (BA) released strong report for Q3 2015. Revenue rose 9% y-o-y to USD 25.8 bn, outpacing consensus by 4.5%. Adjusted EPS was up 18% y-o-y to USD 2.52, while analysts expected USD 2.21. EPS forecast for 2015 was revised up to USD 0.25 and now is USD 7.95-8.15. Low aluminum prices have a positive effect on the company's margins, and low fuel prices support growth of air transport, which in turn leads to greater demand for civil aircraft. We believe that fuel and aluminum prices will remain low for a long time and assign a Buy recommendation for the name in the mid-term.