12:08 PM EDT, 06/02/2025 (MT Newswires) -- Boeing ( BA ) aircraft "emerged as a favored trade mechanism" under the Trump administration, and the company has made progress under Chief Executive Officer Kelly Ortberg, BofA Securities said Monday in a report.

Recent orders for 210 aircraft from Qatar, 32 from the UK and 28 from the United Arab Emirates were a "precedent for future global trade negotiations" benefiting Boeing ( BA ), BofA said.

"We are more confident in the company's turnaround" under Ortberg with production steadying and carve-outs reducing free cash flow burn, the report said.

Ortberg effectively managed through the 53-day International Association of Machinists and Aerospace Workers strike, a large-scale portfolio realignment and safety and quality system implementation, BofA said.

Boeing ( BA ) is "on the path to breaking the doom loop" with a focus on increasing production, the report said.

BofA upgraded Boeing's ( BA ) stock to buy from neutral and raised the price target to $260 from $185.

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