Spire Global price target raised to $15.50 from $14.50 at Canaccord

Canaccord raised the firm’s price target on Spire Global (SPIR) to $15.50 from $14.50 and keeps a Buy rating on the shares. The firm noted Spire Global released a filing disclosing that the company has reached an agreement with Kpler regarding the sale of its Maritime business. Considering new terms haven’t been disclosed in the press release, Canaccord expects that the transaction should close at its initially agreed-upon value of around $241M, enabling Spire to pay down the entirety of its roughly $98.4M in outstanding debt with Blue Torch Capital as of December 31st.