UBS Maintains a 'Neutral' on Boeing (BA); Dreamlifter Activity Update

UBS maintains a 'Neutral' on Boeing (NYSE: BA) price target raised from $66 to $72.

UBS analyst says,"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 believe the supply chain is ahead of Boeing given rework and a high level of deliveries in 2009-10, although we expect a pick up in component deliveries to come through soon. We understand the component suppliers are expected to ramp to 3.5/mo in Q1 2012, 5/mo in Q2 2012, 7/mo in Q4/2012 and 10/mo in Q2/2013."

For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.

Shares of Boeing closed at $73.98 yesterday.

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