Boeing(BA) - Get Report shares rose0.2% on Tuesday, at $182.70 after trading up as much as almost 1.5% earlier, just days before President Trump plans a middle east visit, including a stop in Saudi Arabia, a nation the U.S. has recently agreed to sell $100 billion in arms.
Also Tuesday, analyst Cai von Rumohr at Cowen reiterated an outperform rating on Boeing based on his belief that plane deliveries should climb. He based his thoughts on the firm's already robust backlog as well as signs that orders may pick up beyond current levels.
Interestingly, he noted with some caution his concern that a proposed U.S. ban on laptop computers on flights could slow business for some of its jumbo jets like the 777, but countered that concern with bullishness about likely orders from the upcoming Paris Air Show.
Rumohr kept his $215 price target on Boeing shares.