737 MAX flight for China Southern a positive for Boeing, says Deutsche Bank

Deutsche Bank said that based on the firm’s review of public flight tracking data, a 737 MAX pre-delivery flight seems to be underway for China Southern Airlines. Based on the flight path, the firm believes this may be a customer acceptance flight, with a delivery flight potentially occurring at a later date. Deutsche Bank views this flight as an incremental positive for Boeing, as it it suggestive of a higher probability that deliveries of 737 MAX jets into China could resume in the coming months. The firm has a Buy rating and $320 price target on Boeing shares.