UBS analysts expressed optimism about Boeing’s (NYSE:BA) stock, increasing the price target from $275 to $315 while maintaining a Buy rating. As a result, the company’s shares gained more than 3% intra-day today.

The analysts highlighted the recent 23% surge in Boeing’s share price, suggesting there is potential for further growth in the stock’s valuation. This outlook is supported by the strong November deliveries indicating improvements in the supply chain for the MAX aircraft. The analysts believe that the market will focus more on the high demand for new aircraft and Boeing’s significant backlogs.

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