Goldman Sachs analyst Noah Poponak retained a Buy rating on Boeing Company (NYSE:BA) with a price forecast of $213.

The analyst noted that Chinese airlines were instructed to halt further Boeing jet deliveries amid ongoing U.S.–China trade tensions.

Poponak expects it to have minimal impact on Boeing, as China has largely ceased taking deliveries and placing orders since the Trump administration.

Notably, since January 2018, Chinese customers have ordered only 28 aircraft (excluding unidentified buyers), and China currently represents just 2% of Boeing's large, sold-out backlog through 2030, adds the analyst.

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