Why Airbus Stock Popped Thursday
Airbus (OTC: EADSY) stock rose strongly on Thursday to close the day up 3.7%, on some disturbing news for a competitor. Over in England, the British Competition and Markets Authority is reportedly looking into 's plan to (re-)acquire Spirit AeroSystems... with an eye to forbidding it.
Image source: Getty Images.
Once upon a time, Spirit was part of Boeing. But in 2005, Boeing spun off Spirit in a move designed to boost profits. That didn't work out as planned, however, so roughly one year ago, Boeing announced it would buy back its former fuselage manufacturing subsidiary for $4.7 billion.
Source Fool.com
Boeing Co. Stock
€177.24
-0.980%
Our community is currently high on Boeing Co. with 53 Buy predictions and 6 Sell predictions.
As a result the target price of 219 € shows a positive potential of 23.56% compared to the current price of 177.24 € for Boeing Co..
