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.

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."

The union representing Boeing employees have begun a strike after about 3,200 workers at facilities in St. Louis and other locations voted to reject a modified four-year labor agreement.