Boeing (NYSE:BA) shares are trading higher on Monday, after Seaport Global initiated coverage on the company's stock with a Buy rating and announced a $277 price target.

The airline sector was one of the most affected sectors due to lower travel demands caused by the pandemic. A number of airlines are expected to recommence international flights in June.

Boeing shares were trading up 12.21% at $230.38 on Monday. The stock has a 52-week high of $391 and a 52-week low of $89.

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