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 strike started at three Midwest manufacturing plants after about 3,200 local members of the International Association of Machinists and Aerospace Workers voted Sunday to reject a modified four-year labor agreement,