This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Boeing Shares Trade in Narrow Range Despite Daily Drama

Meanwhile, UBS analyst David Strauss on Wednesday raised his target price for Boeing to $75 from $72. Strauss, who maintained a neutral rating on the shares, follows 787 developments so intensely that he tracks movements of the specially modified 747s that carry 787 components into Everett, Wash., and Charleston, S.C., where the airplane is assembled, in order "to gauge the pace of shipments from the structural suppliers." In a report, Strauss said the pace is quickening.

While the current rate is five aircraft per month, "we believe the 787 supply chain is proceeding with the planned ramp to 7 per month, ahead of Boeing's rate increase," Strauss wrote. "Even with the FAA review/grounding, we believe it's more likely than not that Boeing continues to build at its planned rate until it's apparent that a fix for the battery issue will require an extended period of time (more than couple of months)."

In another sign of potential progress in returning the 787 to the skies, The Seattle Times reported Thursday that Boeing instructed a small team of top machinists at its Auburn parts plant to begin building new, high-strength containment boxes for the 787 batteries, in order to get the aircraft flying again as soon as April. The first 100 boxes should be ready by March 18, the newspaper said.

But United (UAL - Get Report) said Thursday that it has eliminated 787 flying from its schedule until after June 5, with one exception -- a planned Denver to Tokyo flight would begin on May 12. The service inauguration had been scheduled for March 31.

-- Written by Ted Reed in Charlotte.

>To contact the writer of this article, click here: Ted Reed
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BA $133.90 -0.67%
UAL $45.73 -4.80%
AAPL $92.98 -1.90%
FB $116.40 -0.28%
GOOG $690.57 -0.06%


Chart of I:DJI
DOW 17,692.18 -138.58 -0.78%
S&P 500 2,054.18 -21.63 -1.04%
NASDAQ 4,754.7040 -50.5870 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs