Boeing offers to buy Spirit Aero for $35/shr, Bloomberg News reports
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CFRA Reiterates Sell Rating on Boeing (BA), 'a buyout of most of SPR will resolve BA's quality control problems'
June 25, 2024 4:31 PM EDTCFRA analyst Stewart Glickman reiterated a Sell rating and $147.00 price target on Boeing (NYSE: BA)
The analyst comments "We keep our 12-month target at $147 on relative P/E analysis. The WSJ is reporting that BA is in talks to buy about two-thirds of key supplier Spirit Aerosystems... More
BofA: Boeing 737’s deliveries could be close to 1Q levels, but 787’s lag behind
June 25, 2024 7:52 AM EDTBank of America analysts see positive signs for Boeing (NYSE: BA) 737 deliveries, forecasting figures close to 1st quarter levels.
"AAP/AIR maintains its forecast of 25-28 737 deliveries for June (compared to 19 in May)," says BofA, citing data from Aero Analysis Partners/AIR (AAP/AIR).
If... More
Spirit Aero stock drops on revised offer from Boeing
June 25, 2024 6:19 AM EDTBoeing (NYSE: BA) has revised its acquisition offer for Spirit AeroSystems (NYSE: SPR), proposing to fund the deal using stock instead of cash, Bloomberg News reported Monday.
According to the report, Boeing values SPR at $35 per share, translating to a total deal value of around $4.08 billion, according to Reuters... More
UBS Reiterates Buy Rating on Boeing (BA)
June 25, 2024 6:18 AM EDTUBS analyst Gavin Parsons reiterated a Buy rating and $240.00 price target on Boeing (NYSE: BA).
The analyst comments "Media reports indicate a potential equity-funded deal at $35/sh. WSJ and Bloomberg have reported Boeing is nearing a mostly equity-funded deal for supplier Spirit Aerosystems, with Bloomberg reporting a deal that values SPR at $35/sh. SPR is expected to exit its Airbus operations, with BA taking over BA work. We believe a BA/SPR combination is a... More
