TD Cowen analyst Cai von Rumohr reiterated a Buy rating and $230.00 price target on Boeing (NYSE: BA).

The analyst commented, "We expect more noise from the IAM as contract negotiations approach the 9/12 contract expiration. Given the supply chain's fragility, there's greater than normal risk if the union does go on strike; but there's potential for leveraged 2025-26 cash lift if a peaceful settlement is reached."

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Shares of Boeing closed at $173.43 yesterday.