10:30 AM EDT, 08/11/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target price at $40, on an EV/EBITDA of 11.9x our 2026 EBITDA estimate, a large discount to peers, which are trading at an average forward EV/EBITDA of 22.3x. We think our discounted valuation is warranted by SPR's balance sheet and liquidity risks. Spirit reported Q2 free cash flow usage improved to $190 million from $597 million in the prior year quarter, primarily due to higher Boeing 737 deliveries. Management continued to disclose "substantial doubt about the company's ability to continue as a going concern," citing expected continued operating losses and liquidity constraints. With only $370 million in cash and $4.3 billion in total debt, Spirit remains heavily dependent on customer advances and the pending Boeing acquisition for survival. Management expects closing of the Boeing merger in Q4 2025, contingent on Airbus asset divestiture completion and regulatory approvals. We widen our 2025 loss per share estimate by $2.60 to $8.13 and keep our 2026 EPS estimate at $1.95.