Bernstein raises PT on Boeing, upgrades to 'outperform'

Bernstein raises PT on Boeing BA.N to $218 from $181, upgrades rating to 'outperform' from 'market-perform'

The new price target represents 22.5% upside to the stock's last close

BA shares are up 1.6% at $180.70 premarket

Brokerage says reason for upgrade driven mainly by 737 MAX and 787 airplane production ramp up

"With the win of Next-Generation Air Dominance, now the F-47, Boeing will be back into major military aircraft development programs"- Brokerage

However, brokerage revises 2025 forecast for adj. EPS to $3.14 loss/share from $2.23 loss/share

20 of 29 brokerages rate stock "buy" or higher, 7 "hold" and 2 "sell"; their median PT is $200.61- LSEG

As of last close, stock had risen nearly 1% YTD