In a note entitled "One Big Beautiful Boeing," Bank of America Securities analyst Ronald Epstein boosted the firm's price target on the stock to $270 from $260 and affirmed a buy rating on the shares. This after the company reported what he called "one of its cleanest quarters in recent years."

Several thousand workers at three Midwest manufacturing plants where Boeing develops military aircraft and weapons went on strike early Monday, potentially complicating the aerospace company's progress in regaining its financial footing.

Boeing is being hit with its second strike in less than a year after 3,200 hourly workers walked off their jobs building military aircraft.