Spirit AeroSystems Announces Acquisition by Boeing in $8.3 Billion Transaction

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Spirit AeroSystems (SPR) PT Raised to $37 at CFRA

July 2, 2024 4:46 AM EDT

CFRA analyst Stewart Glickman raised the price target on Spirit AeroSystems (NYSE: SPR) to $37.00 (from $36.00) while maintaining a Hold rating.

The analyst comments "We lift our 12-month target price by $1 to $37, reflecting the current terms of the agreement with key... More

Goldman Sachs Reiterates $243 PT on Boeing (BA), 'We are Buy rated on BA'

July 1, 2024 4:01 PM EDT

Goldman Sachs analyst Noah Poponak reiterated a Buy rating and $243.00 price target on Boeing (NYSE: BA).

The analyst comments "Boeing announced a definitive agreement to acquire Spirit AeroSystems (SPR) in an all-stock transaction. BA expects the transaction to provide long-term value through aligning its commercial production systems and optimizing resources to meet long-term demand. Boeing is... More

CFRA Reiterates Sell Rating on Boeing (BA), 'we see high execution risk'

July 1, 2024 12:02 PM EDT

CFRA analyst Stewart Glickman reiterated a Sell rating and $147.00 price target on Boeing (NYSE: BA).

The analyst comments "BA has reached an agreement to buy key supplier Spirit Aerosystems (SPR) in an all-stock deal, currently valued at about $37.25 per share ($4.7 billion before assumed debt). As part... More

Deutsche Bank on Boeing (BA) and Spirit AeroSystems (SPR) Deal: 'There are relatively few surprises here'

July 1, 2024 9:52 AM EDT

Deutsche Bank analyst Scott Deuschle reiterated a Buy rating and $225.00 price target on Boeing (NYSE: BA)

The analyst comments "Boeing and Spirit AeroSystems announced this morning that they have entered into a definitive merger agreementone that values SPR at $37.25 per share. There... More