UPDATE: Oppenheimer Downgrades Boeing On Expected Drop-Off in Contribution from Major Programs Down the Road

In a report published Wednesday, Oppenheimer analyst Yair Reiner downgraded Boeing (NYSE: BA ) from an Outperform rating to a Perform rating and removed the $140 price target. In the report, Oppenheimer says "We're downgrading Boeing to Perform from Outperform and removing our $140 PT, which has been substantially achieved.