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Fly News Breaks for June 5, 2017
BA, SPR
Jun 5, 2017 | 07:13 EDT
Spirit AeroSystems (SPR) is trading near its all-time deepest earnings discount versus Boeing (BA) despite Spirit generating better financial results, Citi analyst Jason Gursky tells investors in a research note. While the protracted Boeing negotiation is an overhang, it is already reflected in the multiple, the analyst argues. He highlights Spirit's improving cash flow, balance sheet flexibility, shareholder-friendly cash deployment and new growth opportunities. He sees a path to $85 per share "over time" and reiterates a Buy rating on the shares with a one-year target of $70.
News For SPR;BA From the Last 2 Days
BA
Mar 18, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
BA
Mar 18, 2024 | 12:05 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.   1... To see the rest of the story go to thefly.com. See Story Here
BA
Mar 18, 2024 | 08:46 EDT
Virgin Australia Airlines has pushed back plans to receive new Boeing (BA) aircraft due to the plane manufacturer's production problems, The Sydney Morning Herald's Amelia McGuire reports. The airline told staff on Friday that 31 of the Max aircraft it has on order would not arrive on time, despite insisting in January that it would not be affected by the increased production timeframes imposed on Boeing after a door plug on an Alaska Airlines (ALK) 737 Max-9 fell off mid-flight. Reference Link