Boeing shares rise on FAA approval to boost 737 MAX production

Boeing BA.N shares climb 1.4% to $215.9 premarket

Planemaker got regulatory approval on Friday to raise 737 MAX production to 42 planes a month from 38 previously

Boeing is quite prepared for production rate increase, J.P.Morgan says

Brokerage expects MAX production rate to hit 47 planes a month by H2 2026, but moving to 50 planes per month "could take longer" due to supply-chain woes

Average analyst rating on stock is "buy", with median PT of $256.45 - data compiled by LSEG

As of last close, BA shares up 23% YTD, vs European rival Airbus' AIR.PA 32% climb