Boeing to buy Spirit for $4.7 bln in all stock deal
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Spirit AeroSystems (SPR) PT Raised to $37 at CFRA
July 2, 2024 4:46 AM EDTCFRA 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 EDTGoldman 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 EDTCFRA 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 EDTDeutsche 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
Truist Securities Comments on Spirit AeroSystems (SPR) Deal with Boeing (NA)
July 1, 2024 9:49 AM EDTTruist Securities analyst Michael Ciarmoli reiterated a Hold rating and $30.00 price target on Spirit AeroSystems (NYSE: SPR).
The analyst comments "Last night it was announced that Boeing (BA, NR) and SPR had reached terms for BA to buy SPR for $4.7B in an all stock deal. The $37.25 per share agreement represents an ~14% premium to SPR's price of $32.82 after the close Friday 6/28 and values SPR at roughly... More
