TD Cowen raises Boeing PT on higher production rate

Boeing BA.N shares up 2% to $208 in early trade

TD Cowen raise co's price target to $230 from $200, an upside of 12.3% to the stock's last close

Says April 737 aircraft production was 34 and May is tracking to a similar level

"Boeing's 737 production at 38/month is increasingly plausible sometime in Q3" - brokerage

Adds Federal Aviation Administration (FAA) approval to manufacture aircrafts above 38/month seems realistic by the year-end

TD Cowen states co has 50 aircraft slated for delivery to Chinese airlines over May-December,as the 90 day China-US tariff deliberation will help to push up deliveries

Twenty of 29 brokerages rate the stock "buy" or higher, seven "hold" and two "sell"; their median PT is $200.61- as per LSEG

Including session moves shares are up 17.5% YTD