Morgan Stanley to Boeing: Your credibility is shot


This morning, Morgan Stanley (MS) aerospace analyst Heidi Wood downgraded Boeing (BA) from "equal weight" to "underweight" -- cutting her price target from $50 to $43, according to The Seattle Times. Translation: Get out of this stock! Boeing, which reports earnings Wednesday morning, is down over three percent in later afternoon trading.

I spent hours talking with Wood for my book, You Can't Order Change, and more than anything else she said to me, the one thing that sticks in my mind was her first reaction when Jim McNerney took over in July 2005 as Boeing's CEO: "Don't f$%^ it up!"