Boeing (BA) PT Raised to $250 at Jefferies

Jefferies analyst Shelia Kahyaoglu raised the price target on Boeing (NYSE: BA) to $250.00 (from $230.00) while maintaining a Buy rating.

he analyst comments: "May Deliveries stand at 45 (31 MAX, 0-1 P-8, 1-2 767s, 5 777s, 7 787s). Deliveries are in line with the 45 in April and up slightly from the 43/mo avg (130 in Q1) from Jan to Mar. WBs continue to show the biggest improvement w/14 deliveries (vs. 16 in May/25 for all of Q1) w/787 at 7 in May. Production continues to firm with >38 737 rollouts tracked in May (including some from April), which compares to Boeing in the process of moving toward 38/mo."

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