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Bernstein has upgraded Boeing to its top Aerospace & Defense pick for 2026, raising the price target from $277 to $298, citing improving margins and cash generation as production rates increase. The defense segment is projected to achieve positive cash flow by 2027, while Boeing outperformed Airbus in 2025 with 600 aircraft deliveries and 1,075 new orders, including a significant order from Delta Air Lines for 60 Dreamliners. Boeing's stock recently hit a two-year high of $248.75, reflecting growing confidence in its recovery.