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Fly News Breaks for February 18, 2020
BA, SPR
Feb 18, 2020 | 07:22 EDT
As previously reported, Benchmark analyst Josh Sullivan initiated coverage of Spirit AeroSystems (SPR) with a Hold rating. Given that about 80% of Spirit sales are derived from Boeing (BA), the fate of the 737 MAX "remains the primary concern" as he anticipates Boeing will take a cautious approach to ramping production. Also, the ongoing accounting review and resignations of a CFO and Controller add further uncertainty, Sullivan tells investors.
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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