Jefferies raises Boeing PT as May deliveries remain in line

Jefferies raises Boeing BA.N price target to $250 from $230, a premium of 17% to stock's last close

Maintains rating at 'buy'

Says May aircraft deliveries stand at 45, deliveries are in line with April and up slightly from the monthly avg. of 43 from January to March

Notes MAX production appears on track with more than 38 rollouts in May vs 33 in April

Aircraft deliveries to China have resumed, and Boeing is expected to restart shipments this month as planes are being repositioned

Shares are down marginally at $213 in early trade

21 of 29 brokerages rate the stock "buy" or higher, 7 "hold," and 1 "sell"; their median PT is $215 - data compiled by LSEG

Including session moves, shares are up 20.3% YTD