** Bernstein raises PT on Boeing BA.N to $218 from $181, upgrades rating to 'outperform' from 'market-perform'

** The new price target represents 22.5% upside to the stock's last close

** BA shares are up 1.6% at $180.70 premarket

** Brokerage says reason for upgrade driven mainly by 737 MAX and 787 airplane production ramp up

** "With the win of Next-Generation Air Dominance, now the F-47, Boeing will be back into major military aircraft development programs"- Brokerage

** However, brokerage revises 2025 forecast for adj. EPS to $3.14 loss/share from $2.23 loss/share

** 20 of 29 brokerages rate stock "buy" or higher, 7 "hold" and 2 "sell"; their median PT is $200.61- LSEG

** As of last close, stock had risen nearly 1% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))