UBS Investment Research Reiterates Neutral Rating, $107 PT on The Boeing Company Following Dreamlifter Tracking

In a report published Tuesday, UBS Investment Research analyst David E. Strauss reiterated a Neutral rating and $107.00 price target on

. In the report, UBS Investment Research noted, “We are tracking movements of Boeing's modified 747 'Dreamlifter' fleet to gauge the progress of 787 production. Specifically, we are monitoring Dreamlifter flights into Snohomish County Paine Field Airport, adjacent to 787 production, to gauge the pace of shipments from the structural suppliers. 787 structural components are delivered via the Dreamlifter fleet to Boeing in Everett, WA for final assembly. We are also monitoring arrivals into Charleston for the second production line. We tracked nine Dreamlifter flights into Everett from the major structural suppliers during 1H August, higher from recent months, but lower than levels early in the year. We also tracked eight arrivals into Charleston to support Boeing's second line, on pace for a new monthly high. We tracked six flights from Wichita (forward fuselage) into Everett and Charleston combined, and did not track any arrivals from Japan (wings) into Everett as compared to Boeing's assembly rate at 7/month.” The Boeing Company closed on Monday at $104.72.