Boeing price target raised to $250 from $210 at Baird

Baird analyst Peter Arment raised the firm’s price target on Boeing to $250 from $210 and keeps an Outperform rating on the shares. The analyst said his proprietary delivery checks reflect a surge in activity in December, with 737-MAX deliveries hitting about 53 with total BCA deliveries for the month at 68 aircraft resulting in 151 deliveries for 4Q22 which is roughly 10% above the Street.