Stifel analyst Erik Rasmussen keeps a Buy rating on Spire Global (SPIR) following the company’s CEO and leadership changes. Spire is now better positioned to enhance its product offering, and build new assets at scale, while improving its financial performance, the analyst tells investors in a research note. The firm believes the sale of the Maritime business will improve profitability. Spire’s fundamentals remain strong, contends Stifel.
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Read More on SPIR:
- Spire Global Announces Leadership Transition and Strategic Shift
- Spire Global names Theresa Condor as CEO, Celia Pelaz as COO
- Spire Global options imply 3.0% move in share price post-earnings
- Spire Global price target raised to $18 from $12 at Canaccord
- Spire Global price target raised to $24 from $17 at Alliance Global Partners