Reuters report actually positive for Boeing, says Deutsche Bank

Deutsche Bank says Reuters’ report that Boeing has updated its supplier master schedule and is now expecting to achieve a 737 MAX production rate of 42 per month by February instead of December is actually a positive. Boeing’s financial guidance calls for 38 per month by the end of 2023, and it has not communicated to the financial community on when it will achieve 42, the analyst tells investors in a research note. The firm believes most investors hadn’t expected Boeing to hit 42 by Q2 or Q3. So, if Boeing does hit 42 by February, “then this would be a positive in our eyes,” contends Deutsche Bank, which has a Buy rating on the shares with a $270 price target. The stock in midday trading is down 1% to $235.64.