Meta Platforms charge, Boeing deal, French elections - what's moving markets

Lightshed Partners on Apple (AAPL): 'Satellites Mean More To The iPhone Upgrade Cycle Than AI'

Lightshed Partners on Apple (NASDAQ: AAPL): 'Satellites Mean More To The iPhone Upgrade Cycle Than AI'

The analyst comments "I have been using my iPhone to iMessage over a satellite and its performing better than I expected. Consumers may utilize this new functionality much... More

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

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

Evercore ISI on Apple (AAPL): 'Solid quarter out of the App Store at 13% growth'

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "App Store revenue grew +12% in June, a slight step down from the 15% rate in May as comps got more challenging. This brings the Jun-qtr growth rate to 13%, which could support upside to current Street... More

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

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'

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'

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

Truist Securities Comments on Spirit AeroSystems (SPR) Deal with Boeing (NA)

Truist 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

Despite discounting in China, iPhones lost share in May, US weak: UBS

Despite heavy discounting during China's "618" shopping festival, UBS analysts warned that Apple (NASDAQ: AAPL) iPhone sales continue to struggle.

"iPhone 'sell-through' remained soft, declining 2% YoY (Source: Counterpoint)," the bank's note reads, marking the fifth consecutive month of year-over-year decline.

The weakness wasn't limited to China. "The US was weak despite an easy comp," UBS highlights. US sales reportedly fell a significant 16% year-over-year. Europe offered a rare bright... More