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Fly News Breaks for January 15, 2020
BA, SPR
Jan 15, 2020 | 06:22 EDT
BofA analyst Ronald Epstein downgraded Spirit AeroSystems (SPR) to Neutral from Buy with a price target of $77, down from $105. The analyst cites increased risks to the company's margin and performance following its announcement to halt Boeing's (BA) 737 MAX aircraft production as well as the layoff for its 2,800 employees in Wichita related to the production halt. Epstein remains positive on the management's focus on cost control, cash flow generation, and margin expansion, however.
News For SPR;BA From the Last 2 Days
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Apr 25, 2024 | 06:42 EDT
Citi lowered the firm's price target on Boeing to $224 from $252 and keeps a Buy rating on the shares. The company's Q1 results were better than expected, but "it's clear there is much left to do," the analyst tells investors in a research note. The firm believes Boeing "will come through this healthier than before." This should position it well to take advantage of its duopoly position in commercial aerospace at a time when backlogs stretch out for roughly a decade and customers are clamoring for new aircraft, contends Citi.
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Apr 24, 2024 | 16:14 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
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Apr 24, 2024 | 08:50 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
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Apr 24, 2024 | 07:30 EDT
Reports Q1 revenue $16.6B, consensus $15.22B. "Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," said Dave Calhoun, Boeing president and CEO. "We will take the time necessary to strengthen our quality and safety management systems and this work will position us for a stronger and more stable future."
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