Swiss bank UBS recently increased its price target on Boeing (BA) to $207 from $190 and kept a Buy rating on the shares.

After BA reported its first-quarter results last week, UBS is upbeat on the company's new management team.

Other Reasons That UBS Is Bullish on Boeing

BA has taken steps to ensure that its supply chain remains intact in the face of tariffs, the bank reported. Further, although China's decision to stop receiving Boeing's planes may harm the company's ability to meet its 2025 delivery target, UBS thinks that BA will be able to find other buyers for the planes.

And boding well for the demand for BA's 737 MAX is the fact that the company has successfully worked to increase the rate at which it builds them, the bank stated. Moreover, the plane maker has talked about increasing the production rate to 42 per month, according to the Swiss bank.

Finally, Boeing has taken multiple steps to improve its safety and quality metrics, UBS reported.

The Recent Price Action of BA Stock

In the last month, the shares have climbed 6%, while they are up 3.5% in the last three months.

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Disclosure: None. This article is originally published at Insider Monkey.