Boeing price target raised to $275 from $250 at BofA

BofA raised the firm’s price target on Boeing to $275 from $250 and keeps a Buy rating on the shares. According to Aero Analysis Partners/AIR, Boeing is progressing toward its 737 annual target, with 23 deliveries completed since the beginning of December, out of the 24 required to achieve the lower-end of its full-year target of 375-400 737s, the analyst tells investors in a research note. AAP also sees a potential return to a production rate of 31 this month as Boeing already manufactured 16-17 737s in December, BofA says.