JPMorgan keeps an Overweight rating on Boeing (BA) with a $195 price target after the company and union leadership agreed on a new contract proposal for members to vote on this Wednesday, the same day Boeing will report Q3 earnings. The firm says it can’t say for sure if the union members will vote in favor, but notes the new contract seems to offer nearly all the union asked for and a “non-scientific sample” of social media posts shows some support. JPMorgan believes the new contract brings some hope the strike will end soon.
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