The firm also reaffirmed its $164 price target for the the commercial aerospace manufacturing company, 30.13% above the stock's report-date price of $126.03.
Sterne Agee said it retained its optimistic stance of Boeing because aircraft delivery estimations of 64 for October are high.
"[Boeing]'s production system continues to execute well at the current high pace planned for 2014," said aerospace & defense analysts at Sterne Agee. "We are estimating 197 deliveries in 4Q14, which would track to the high end of 2014 delivery guidance."
Shares of Boeing are down 0.10% to $125.90 in afternoon trading on Tuesday.
Separately, TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."