UPDATE: Deutsche Bank Raises Price Target on Spirit Aerosystems to $26

According to Deutsche Bank, Spirit Aerosystems

price target is raised to $26. Deutsche Bank said that SPR closed the books on a year that was defined by difficulties on dev programs, charges, and the weakest FCF yr in the co's history. “Our PT is raised to $26 (from $25), based on ~12x our 2012 EPS estimate, in-line with SPR's historical multiple.” Spirit Aerosystems closed yesterday at $24.20.