By: Carter Copeland

We harbored some modest concerns that BA expectations were growing a bit lofty into earnings; however, the company once again delivered, laying to rest any short-term fears of a performance reversal. In fact, considering the usual level of conservatism that BA applies to any initial guidance range, we think the setup for future quarters is still attractive. High FCF yields on out-year numbers and the prospect for further positive estimate revisions tilt the risk/reward favorably for BA and shares remain a must own in industrials, even after the strong YTD run.

BA Report Here